Sun foresees losses
A flagging worldwide economy has Sun Microsystems still expecting a loss for its first fiscal quarter. "We have not seen any improvement in the current IT spending environment," said chief financial officer and executive vice president Stephen McGowan. "In fact, some would say it might actually be worsening." The vendor has seen customers pull back on large projects that would have included sales of its high-end servers. Such cutbacks have punished Sun over the last year and a half. It returned to profitability in its fourth quarter, which ended in June, after posting losses before charges in three previous consecutive periods. A first-quarter loss would reverse the recent momentum.
PA signs global OEM deal
Sydney-based financial software developer Professional Advantage has signed a new OEM agreement with Systems Union Group, a major international supplier of financial software under the SunSystems brand. The agreement sees Systems Union take Professional Advantage's Collect product to its customers on a worldwide basis. It is not the first time an OEM agreement has bolstered the local developer - a similar agreement with the Microsoft Business Solutions group has seen export sales accounting for over 10 per cent of Professional Advantage's revenue in 2002.
MS discloses 289 APIs
Microsoft has opened key components of Windows by making 289 APIs (application programming interfaces) available for free at the Microsoft Developer Network Web site as the company takes steps to comply with the proposed antitrust settlement with the US Department of Justice (DOJ) and nine states. Microsoft is confident that the disclosure of the 289 APIs puts the company in "complete compliance" with the settlement agreement. The company said that it would withhold only one API, a Windows file protection API.