Sun Microsystems (JAVA) hit a new 52-week low of $12.32. The market has believed for some time that the server company will have a poor year with relatively flat revenue and little or no operating income.
Sun has not been part of the recover in tech stocks. Since the beginning of the year, JAVA is down almost 30%. Shares in HP (HPQ) are off a little over 7% and IBM (IBM) is up 10%.
Wall St. is unlikely to bid the price of the shares up unless the company’s board is prepared to replace management or break the company into pieces. Sun has three core business: hardware, storage, and support and professional services. In the last quarter, product revenue for the company was $2 billion and service sales were $1.26 billion.
Sun’s shares have nowhere to go, if the firm continues to be operated in its current form.
Douglas A.McIntyre
oc
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
