Investing
As Confidence In Sun (SUNW) Flags, Short Interest Increases
Published:
Over that last six months, shares in Sun Microsystems (SUNW) are down about 17%. From early 2006 until this April, the stock was running hot and was up over 70% at one point.
But, concerns about whether Sun can maintain its share of the server market have emerged. Sun has only 1% of the fast-growing blade server market, which is dominated by HP (HPQ) and IBM (IBM).
Rating service Fitch recently voiced its concern about "Sun’s lacklustre organic revenue performance for data management products so far in fiscal 2007 and the long-term effect on server demand.".
Short sellers have taken note, adding 11 million shares to Sun’s total of 40 million.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
