Friday, October 10, 2008

Sun Microsystems: A Lesson in Failed Cosmetic Surgery - Bits Blog - NYTimes.com

Imagine if you will a very big "For Sale" sign...

Sun Microsystems, one of the world’s largest server and software makers, finds itself in an awkward position: It might soon have enough cash to buy all of its stock and go private.

Sun’s shares dropped close to 8 percent Thursday, closing at $5.21. The company now has a stock-market value of $3.9 billion and has close to $3.5 billion in cash, said chief executive Jonathan Schwartz in an interview Thursday after the market closed.

Sun Microsystems: A Lesson in Failed Cosmetic Surgery - Bits Blog - NYTimes.com

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