Summary: Sun Microsystems Inc. - S&P Global Ratings’ Credit Research

Summary: Sun Microsystems Inc.

Summary: Sun Microsystems Inc. - S&P Global Ratings’ Credit Research
Summary: Sun Microsystems Inc.
Published Nov 26, 2008
835 words — Published Nov 26, 2008
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Abstract:

The rating on Sun Microsystems Inc. reflects the company's good, but not leading, position (based on all operating systems) in the highly competitive global server market, its relatively narrow market base--specifically in comparison with major competitors--and inconsistent profitability. Moderate debt levels and strong liquidity partially offset these factors. Although Sun has made consistent investment in new product development and has a significant base of relatively consistent service revenues, total revenue growth (excluding the effect of currency) remains a challenge. Revenues in fiscal-year-end June 2008 totaled $13.8 billion, about flat compared with the same period in the previous year. Sun's ability to achieve sustained, profitable revenue growth will in part depend on greater market penetration into the company's targeted customer base,

  
Brief Excerpt:

RESEARCH Summary: Sun Microsystems Inc. Publication date: 26-Nov-2008 Primary Credit Analyst: Philip Schrank, New York (1) 212-438-7859; phil_schrank@standardandpoors.com Credit Rating: ##+/Negative/## Rationale The rating on Sun...

  
Report Type:

Summary

Ticker
JAVA
Issuer
GICS
Computer Hardware (45202010)
Sector
Collateralized Debt Obligations, Commercial MBS, Corporations, Global Issuers, High Technology, Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Sun Microsystems Inc." Nov 26, 2008. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sun-Microsystems-Inc-686202>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Sun Microsystems Inc. Nov 26, 2008. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sun-Microsystems-Inc-686202>
  
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