Friday, October 10, 2008

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

What a difference a day makes -- now the difference between Sun's cash on hand and market cap looks more like $0.08B...

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.

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

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