OStatic

Sun Microsystems has announced its 3rd Quarter earnings - and its stock promptly took a substantial hit. No wonder, since the company managed to report a loss of $34 million instead of the profit that analysts were expecting, and may be cutting up to 7.5% of its employees - 2500 jobs. While this certainly isn't good news for Sun, it's not great news for open source either, since the company has staked its future on shipping all of its assets as open source, including the recently-purchased MySQL database.