UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
October 16, 2003
SUN MICROSYSTEMS, INC.
| Delaware | 0-15086 | 94-2805249 | ||
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| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S. Employer Identification Number) |
4150 Network Circle
Santa Clara, CA 95054-1778
(650) 960-1300
| Item 7. Financial Statements and Exhibits | ||||||||
| Item 12. Results of Operations and Financial Condition | ||||||||
| SIGNATURE | ||||||||
| EXHIBIT INDEX | ||||||||
| EXHIBIT 99.1 | ||||||||
Item 7. Financial Statements and Exhibits
| (c) | Exhibits | |||
| The following exhibit is filed herewith: |
| Exhibit | ||
| Number | Description | |
| 99.1 | Text of press release issued by Sun Microsystems, Inc., dated October 16, 2003, titled “Sun Microsystems Reports First Fiscal Quarter Results,” together with related Condensed Consolidated Statements of Operations, Balance Sheets and Cash Flows and Operations Analysis |
Item 12. Results of Operations and Financial Condition
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On October 16, 2003, Sun Microsystems, Inc. (“Sun”) issued a press release regarding Sun’s financial results for its first fiscal quarter and fiscal year ended September 28, 2003. The full text of Sun's press release, together with the related Condensed Consolidated Statements of Operations, Balance Sheets and Cash Flows and Operations Analysis, are attached hereto as Exhibit 99.1.
The Condensed Consolidated Statements of Operations and the Operations Analysis contain non-GAAP presentations of net income (loss) and EPS (basic and diluted) which exclude certain items below the presentation of the GAAP presentations of net income (loss) and EPS (basic and diluted). The excluded items include: in-process research and development, restructuring charges, loss on equity investments, net, impairment expense, valuation allowance on deferred tax assets and related tax effects. In-process research and development and goodwill impairment are primarily related to the effect of Sun’s acquisition activity. Gain/loss on equity investments shows the effect of our investment portfolio management. Sun may include or exclude items from its non-GAAP presentations of net income (loss) and EPS (basic and diluted) which are different from the items included or excluded from other companies’ non-GAAP presentations of net income (loss) and EPS (basic and diluted). Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These measures and the other special items presented are not necessarily representative of Sun’s core operations and Sun management believes that presentation of those non-GAAP financial measures provides useful information to investors by illustrating the impact of the special items on Sun’s net income (loss) and EPS (basic and diluted).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SUN MICROSYSTEMS, INC. | ||||
| Date: October 16, 2003 | By: | /s/ Stephen T. McGowan | ||
Stephen T. McGowan Chief Financial Officer and Executive Vice President, Corporate Resources |
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EXHIBIT INDEX
| Exhibit | ||
| Number | Description | |
| 99.1 | Text of press release issued by Sun Microsystems, Inc., dated October 16, 2003, titled “Sun Microsystems Reports First Fiscal Quarter Results,” together with related Condensed Consolidated Statements of Operations, Balance Sheets and Cash Flows and Operations Analysis |