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Sun Announces Management Shakeup, Huge Losses

Sun Microsystems Inc. on Thursday said two top executives for its core server products were leaving, as the struggling computer maker reported a third-quarter loss of $760 million.

The Santa Clara, Calif.-based, company said Mark Tolliver, 52, chief marketing and strategy officer, and Neil Knox, 51, executive vice president for volume systems products, were leaving to "pursue other interests."

"I want to thank Mark and Neil for their contributions to Sun," Scott McNealy, chairman and chief executive for Sun, said in a statement. "They have played a key role in Sun's transformation and we wish them well as they embark on new endeavors."

The shakeup came the same day Sun reported a loss of $760 million, or 23 cents per share, for the quarter ended March 28, the latest in a string of losing quarters. Revenue dropped by 5 percent to $2.65 billion from $2.79 billion in the same period a year ago.

The management changes were billed as an "evolution" of the company's organization under newly appointed Chief Operating Officer and President Jonathan I. Schwartz, 38. The post, which Schwartz took over this month, had been vacant since Ed Zander left the company in 2002.

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