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Shares of Sun Microsystems Inc. tumbled 13 percent Friday after the server and software maker offered up worse-than-expected guidance that reflects the company's dangerous reliance on U.S. sales in a bumpy economy.
The company issued the outlook as it reported Friday that fiscal fourth-quarter profits fell 73 percent and sales declined 1 percent. It said economic pressures and restructuring charges will continue to weigh on Sun's results in the current period.
The company forecast a "slight" sales decline in the fiscal first quarter, which ends in September, and indicated it likely wouldn't turn a profit.
Analysts surveyed by Thomson Financial were expecting flat sales and a profit of 11 cents per share.
Sun's shares were down $1.38, or 13 percent, to $9.25 in early trading Friday.
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