Well, the bad news continues

In the mid-quarter update, Michael Lehman (Sun CFO) blamed Europe for Sales Drop, although others pointed to resales from dead and dying dot-coms for some of the drop in the sales. New expectations are for $3.8-4.0 billion in sales for the current quarter compared to the previous forecast of $4.4 billion, with earnings per share at 2-4 cents versus 6 cents. The stock was trading below $18 in the after market.