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Sun Microsystems announced a horrific quarter yesterday—a loss for what is now the third quarter in a row.  This past quarter resulted in a net loss of $1.68 billion, with a revenue of $2.99 billion.  The same quarter last year had a net income of $89 million, and a $3.22 billion revenue.  Ouch, that can’t go over too well.

Sun also hinted at possible layoffs in the future, which, while depressing, isn’t all that surprising given the current state of the economy.  There were also reports of slowing sales in its main server lines.  It seems open sourcing a number of it’s software hasn’t helped either.

Continued after the break.

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Sony has posted a small rise in quarterly profits recently, but are being cautious about painting too rosy a picture. Sony’s Cybershot series of cameras and Handycam camcorders had a strong fourth quarter which helped to bolster the Japanese giants overall numbers. Sony even managed to get better numbers out of it’s gaming division by lowering production costs on the PS3 as well as getting some improved sales figures for the PSP.

“The game division turning into the black is a positive,“ said Takeshi Osawa, a senior fund manager at Norinchukin Zenkyoren Asset Management. “But the U.S. economic outlook is a cause of concern for its consumer electronics business.“

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AOL purchased Weblogs Inc. a while back, and is expanding their blogs to include stock blogs that will be focused on eight of the top companies in the USA.  The eight companies include Time Warner (AOL’s parent company), Google, Yahoo, Microsoft, Apple, eBay, Wal-Mart and General Electric.

According to AOL’s press release on April 27, 2006:

Each featured company will have its own dedicated blog and a team of professional bloggers, including financial professionals, analysts, current and former journalists and dedicated investing enthusiasts. The bloggers will be monitoring company and industry news and sharing their views, insights and analysis. Each blog will also offer its readers an opportunity to provide their own reactions and viewpoints in an interactive community environment.

AOL’s current financial network has eleven million unique visitors per month.  This will add even more traffic to AOL and Weblog, and expand their reach further.

Blogging Stocks
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