mail@shareholdersfoundation.com
According to a poll by the Shareholders Foundation, Inc., an investor advocacy group that does research to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock market, 21% of the participants of a poll about what price would be fair to Sun Microsystems investors in case of a potential merger the majority of the participants think that IBM or any other candidate would have to offer at least a price of $13-16 per share for Sun Microsystems.
6% favor a price between $4-$8 6% , 16% favor a price between $9-$12, 13% favor a price between $17-$20, 18% favor a price between $20-$24, 8% favor a price between $25-28, and 18% think the price should be over $28. With a current stock price of $7.94 on Monday and a stock price of over $17 in 2008, a stock price over $26 in 2007, and an all time high of over $260 in 2000, the question remains what IBM or any potential candidate would have to offer to buy Sun Microsystems, Inc?
If you are a current shareholder in Sun Microsystems, Inc. (NASDAQ: JAVA) you can still vote what price you think is reasonable in the event of a merger/acquisition?
Go to www.ShareholdersFoundation.com or send us an email at 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 $9 per share. IBM may pay at least $6.5 billion, the Wall Street Journal said, 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 a current shareholder in Sun Microsystems, Inc. (NASDAQ: JAVA) you can still vote what price you think is reasonable in the event of a merger/acquisition?
Go to www.ShareholdersFoundation.com or send us an email at mail@shareholdersfoundation.com or call us at +1 858 779 1554
Shareholders Foundation, Inc.
Trevor Allen
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92108 San Diego
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mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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