Sun Microsystems to Cut 6,000 Jobs

Santa Clara-based Sun announced today that it will lance up to 6,000 jobs. Why? Because Sun's shares have sunk so far that it's "driving the company's market value below its cash on hand." That is to say, investors now think "the company itself is essentially worthless." Due to Sun's eight years of continued financial chaos, Hewlett-Packard Co., IBM, and Dell are all currently circling above its near-dead body. Look for the tech giant to be bought out in the very near future. (AP)