Sun said early Tuesday morning that it's going to lose 24 cents-34 cents a share or six cents-16 cents excluding write-offs when it finally reports its June quarter.

Wall Street actually thought it could earn 14 cents a share in what's supposed to be its last fiscal quarter of its last fiscal year as an independent concern.

But revenues were down about a billion dollars and should only come in at $2.58 billion to $2.68 billion compared to the $3.78 billion the company did last year.

Wall Street optimistically thought it could clear $3 billion. Silly Wall Street.

Such projections have long since ceased to be news but Oracle, which will take Sun over before another quarter closes unless the regulators make some objection, rushed out a statement saying it's seen the preliminary estimates and still expects the Sun acquisition to be accretive to its earnings "by at least 15 cents on a non-GAAP basis in the first full year after closing and estimates that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in that year, increasing to over $2 billion in the second year."

The industry is dying to watch this miracle happen.