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:Shrinking Sun Under the Gun
Shrinking Sun Under the Gun
Jul 11, 2008, 13 :30 UTC (2 Talkback[s]) (6704 reads)

(Other stories by Ashlee Vance)

"Here, with the stock market melting, we find Sun Microsystems in most uncomfortable territory. It's got a stock market value of $7.7bn, which means that the one-time lord of the servers is a mid-cap company.

"Our friends on Wall Street warn that Sun needs to maintain at least a $10bn market capitalization to stay in the large cap territory and part of the large cap funds. Should Sun hang around in $7bn country for too long, then a sell-off will start, making things even worse on Sun investors. (In addition, a whopping 57m shares, nearing 10 per cent of all out-standing shares, are already shorting Sun, up from 25m last month...)"

Complete Story

Related Stories:
Sun Should Loosen Up(Jul 05, 2008)
Jonathan Schwartz's Free Software Foundation(Jun 17, 2008)
Government CIOs 'Do Not Understand Open Source'(Jun 13, 2008)
Sun Outlines its Open Source Strategy and MySQL Integration(Mar 27, 2008)


Index Mode   |   Flat Mode   |   Thread Mode   |   Thread Flat  
  Talkback(s) Name  and Date
It's the same story with most other  ...   Ripe for a takeover?   
ralf
Jul 11, 2008, 16:18:35
 
> It's the same story with most othe ...   Re: Ripe for a takeover?   
Robert C. Miller
Jul 13, 2008, 06:02:03
 
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