The numbers: Sun last week to cut 18% of its global workforce, or as many as 6,000 of its employees. In its most recent earnings report, the company posted a in the first quarter of 2009, down from its net income of $89 million in the first quarter of 2007; its share price has declined by more than 80% over the past year and currently stands at around $16.50 per share.

What's gone wrong: Sun insists that are primarily the fault of poor economic conditions and are not the result of losing business to competitors such as IBM. Specifically, Sun says that the collapse of major Wall Street firms over the past three months have wiped out some of its biggest customers. However, the company has missed analyst expectations for three consecutive quarters and some analysts have pointed to the with its servers and server virtualization segments as particular trouble spots.

The turnaround strategy: Sun's recent round of layoffs are a part of its broader reorganization plan, which includes creating an Application Platform Software division that will focus on technology such as its MySQL database and its GlassFish application server. The company has also been rumored to be a major , with and said to be the most interested parties.

Bailout candidate #3: Motorola

The numbers: posted a $397 million loss in the third quarter of 2008, with the biggest losses coming from a mobile-devices segment that reported an operating loss of $840 million for the that quarter, more than three times the $248 million loss it reported in the third quarter of 2007. The company has also announced another 3,000 jobs, with the vast majority coming from its cell phone segment; its share price has declined by more than 75% over the past year and currently stands at under $4 per share.