Re: The Loon UpChucketh (Was: Re: Merrill Lynch to HP: Time for a breakup
From: Dan Notov (danno_at_hp.com)
Date: Tue, 8 Jun 2004 21:57:12 -0600
"Andrew Harrison" <andrew_._remove_harrison@su_n.com> wrote in message
> JF Mezei wrote:
> > Dan Notov wrote:
> >>Not true. Both ESG and PSG have been profitable operations. Can't say
> >>same for Sun as a whole.
> > Enterprise was losing money for a long while and has just recently
> > losing money.
> Repeat after me the ESG has not stopped losing money 20 times !
> HP have simply changed the way they calculate the ESG's P&L and
> unless you think that all the ESG developers go to work for nothing
> and that their facilites cost nothing then ESG still turns in an
> very predictable loss every quarter. As does the PC division.
Show me where on the income statement or balance sheet you see this. R&D is
one thing. Product Development and Engineering is another. ESG & PSG are
responsible for their own balance sheets & P&L. If they don't perform, they
Meanwhile, Sun loses money quarter after quarter after quarter. And revenue
is slipping as well.
[Queue Sun's "color of money" spin about writedowns, etc.]