Sun Microsystems Inc, confirming that its gross profit margin for its fiscal third quarter rose to 42.8%, the highest level in six quarters. Michael Lehman, Sun’s chief financial officer commented that As we previously reported, we believe our revenue growth in the quarter was to some extent affected by the recent product introductions as some customers elected to wait for the new products. As a result, total revenues grew less than 5%. However, the effect of the product announcements appeared to be most pronounced in the low-end of the desktop product line. As a result, Sun shipped a higher proportion of high-end systems.
