Sun Microsystems (SUNW) is trading up over 6% in after-hours trading at $6.02, after closing down 1.5% at $5.66 in normal trading.  The company posted EPS of $0.03 and $3.56 Billion; Expectations were $0.01 and $3.5 Billion.  The kicker is that Sun Micro is getting a $700 million investment from private equity group KKR.  Sun added $153 million cash from operations.  Guidance not initially provided.  Based on the KKR investment, you can expect the rumors to be flying and the stock to be one of the most actively traded tomorrow.  As a reminder, SUNW has a $6.25 high over the last 52-week period, and that is also a high since 2002.

Jon C. Ogg
January 23, 2007