This is big imo. This may just be the break Sun Micro has been looking for. Check out todays volume alone. Crazy! been watching this one for a year now.
SUN MICROSYS INC (NasdaqGS:SUNW)
After Hours: 4.93 0.00 (0.00%) as of 4:09PM ET on 08/23/07
Last Trade: 4.93
Trade Time: 4:00PM ET
Change: 0.07 (1.44%)
Prev Close: 4.86
Bid: 4.89 x 100700
Ask: 4.90 x 8800
1y Target Est: 6.23
Day's Range: 4.80 - 4.93
52wk Range: 4.50 - 6.78
Avg Vol (3m): 85,000,200
Market Cap: 17.42B
P/E (ttm): 37.63
EPS (ttm): 0.13
Div & Yield: N/A (N/A)
Sun Microsystems Inc
SUN MICROSYSTEMS TO CHANGE TICKER TO `JAVA'
(This is a reformatted version of a press release issued by Sun Microsystems, obtained from www.sun.com
Sun Microsystems to Change Stock Ticker Symbol to JAVA Ubiquity of Java Technology Brand Connects Sun to Investors, Consumers and Opportunities
SANTA CLARA, Calif. August 23, 2007 Sun Microsystems (Nasdaq: SUNW) today announced that it will change its Nasdaq stock ticker symbol from SUNW to JAVA, the ubiquitous technology and brand it created in 1995. The stock ticker change will go into effect for the trading community on Monday, August 27, 2007.
"The Java brand and technology have evolved to be among the most pervasive on the internet, yielding extraordinary awareness for Sun and opportunity for the community that leverages it," said Jonathan Schwartz, president and CEO of Sun. "More than a billion people across the globe, representing nearly every demographic, market and industry, rely upon Java's security, innovation and value to connect them with opportunity. That awareness positions Sun, and now our investor base, for the future."
The Java economy as a whole includes a broad array of businesses built with Java technology, from Google and eBay, to some of the world's largest financial and telecommunications companies. The Java platform powers and is made visible via more than 2.1 billion mobile devices (Ovum 2007), nearly every PC on the internet and numerous consumer electronics and embedded systems products such as Sony's Playstation 3 video game console. Sun estimates the number of consumers that recognize the ubiquitous cup and steam on Java's brand logo to be in excess of a billion people.
Sun today generates license revenues from Java technology, but more significantly derives revenue from the software, storage, servers, services and microelectronics that power the datacenters behind global Java deployments - whether on handsets, personal computers, or in the network. Sun believes its business is advantaged by such exposure, and the change in ticker symbol more effectively connects it with the marketplace.
A complete history of Java is online at http://www.sun.com/java/
with videos that help to describe Java's role on the internet here.
About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com
Sun, Sun Microsystems, the Sun logo and Java are trademarks or registered trademarks of Sun Microsystems, Inc. in the US and other countries.