Saturday, May 03, 2003

The Seattle Times: Business & Technology: Sun rises on acquisition speculation

The Seattle Times: Business & Technology: Sun rises on acquisition speculation "Shares of Sun Microsystems, which have fallen 92 percent in the past three years, rose 12.3 percent on speculation the company might be bought by a larger computer rival, an analyst said.
Sun rose 41 cents to $3.75 yesterday. About 131 million shares were traded, making Sun the most actively traded U.S. stock. Trading was more than two times the three-month average and the highest since July 19, when 223 million shares changed hands.
Investors are speculating that Dell, IBM or Hewlett-Packard may acquire Sun, said Giga Information Group analyst Rob Enderle."
Post a Comment