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SANTA CLARA, Calif. — Battered by competition and slowing demand, Sun Microsystems Inc. swung to a big loss in its fiscal first quarter, dragging the server and software maker’s results below Wall Street’s forecast.
Sun also plans to write down the value of its business, a sign of the company’s deteriorating competitive position and vulnerability to the economic meltdown. The company is scheduled to release its earnings Oct. 30, but it offered an early peek Monday.
