UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

 

 

 

 

Date of Report (Date of earliest event reported)		October 14, 2004

 

 

 

Sun Microsystems, Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware		0-15086		94-2805249
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

 

4150 Network Circle Santa Clara, California		95054-1778
(Address of principal executive offices)		(Zip Code)

 

 

Registrant’s telephone number, including area code		(650) 960-1300

 

 

 

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 2.02. 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 14, 2004, Sun Microsystems, Inc. (“Sun”) issued a press release regarding Sun’s financial results for the fiscal quarter ended September 26, 2004. The full text of Sun’s press release, together with the related Condensed Consolidated Statements of Operations, Balance Sheets, Cash Flows and Non-GAAP Calculation of Net Income (Loss) Excluding Special Items and Operations Analysis, are attached hereto as Exhibit 99.1.

 

The Non-GAAP Calculation of Net Income (Loss) Excluding Special Items and the Operations Analysis contain non-GAAP presentations of net income (loss) and EPS (basic and diluted) which exclude certain items from the GAAP presentations of net income (loss) and EPS (basic and diluted). The excluded items include restructuring charges, purchased in-process research and development, gain/loss on equity investments, net, impairment of goodwill and other intangible assets, settlement income, settlement of litigation, valuation allowance on deferred tax assets and related tax effects. Purchased in-process research and development and impairment of goodwill and other intangible assets are primarily related to the effect of Sun’s acquisition activity. Gain/loss on equity investments, net, shows the effect of our investment portfolio management. Settlement income is a result of our settlement with Microsoft. Settlement of litigation is a result of our settlement with Kodak. 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).

 

Item 9.01. 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 14, 2004, titled “Sun Microsystems Reports Year Over Year Revenue Growth For Second Consecutive Quarter; Increases Gross Margin Percentage Sequentially,” together with related Condensed Consolidated Statements of Operations, Balance Sheets, Cash Flows and Non-GAAP Calculation of Net Income (Loss) Excluding Special Items and Operations Analysis

 

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SIGNATURES

 

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.

 

Date: October 14, 2004

 

 

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