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On the Watch: JAVA BEBE MET

By Associated Press
May 2, 2008 | Comments (0)

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Shares of Sun Microsystems Inc. may trade actively on Friday, after the server and software maker posted a surprising fiscal third-quarter loss.

Shares of the Santa Clara, Calif.-based company sank in aftermarket trading Thursday, after Sun also forecast flat revenues for the fourth quarter.

Bebe Stores Inc. posted a 35 percent lower fiscal third-quarter profit, but results topped expectations by a penny when adjusted. The retailer's sales slipped 2 percent during the quarter as well.

And MetLife Inc.'s profit slipped 37 percent. Bad credit, a weak U.S. dollar and lower interest rates hurt the insurer's investments.

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