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Several media reports rumored that IBM is in talks with California based Sun Microsystems with a skyrocketing share price increase of whopping 78.87%. Rumors say IBM is willing to spend as much as $6.5Billion for Sun Microsystems, but is that enough to convince Sun Microsystems, its board of directors, and its shareholders?
If you are a current investor in shares of Sun Microsystems (NASDAQ: JAVA) please go to www.ShareholdersFoundation.com and vote what price would be appropriate!
You can also email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
Sun Microsystems had total revenue of $13.88Billion last year with a net income of 403Million. The shares of Sun Microsystems traded on Monday and Tuesday for about $4.80 and skyrocketed since the rumors to almost $9per share. IBM may pay at least $6.5 billion, the Wall Street Journal said today, valuing Sun at almost twice its $4.97 closing price yesterday, but is that enough. Even though Sun Microsystems just recently had to announce to lay off workers in India as part of its plan to cut 6,000 jobs globally, the last quarter's restructuring announcement may translate into cost savings down the road. While Sun's revenue in the quarter increased 7.7 percent to $3.2 billion, net loss (on a GAAP basis) was $209 million, including a $222 million restructuring charge in November 2008, when, on the heels of a $1.68 billion third-quarter loss, which reportedly occurred due to a one-time $1.445 billion impairment expense tied to the $4.1 billion acquisition of StorageTek in 2005. Sun Microsystems experiences according to a media report a steadier low-end software and storage sales in its fiscal 2009 second quarter and, CEO Jonathan Schwartz reportedly said , that the "results for Q2 were in line with what we expected." He cited "double-digit"
If you are current shareholder of Sun Microsystems please go to www.ShareholdersFoundation.com and vote what price would be appropriate!
You can also email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
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mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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