Sun Microsystems Active on E.U. Roadblock (ORCL, JAVA)

Posted in General 
November 3rd, 2009

We have already covered in depth how the European Union may have thrown in another roadblock on the Oracle Corp. (NASDAQ: ORCL) acquisition of Sun Microsystems Inc. (NASDAQ: JAVA).  This has caused over 1.04 million shares to trade hands in JAVA stock as of 5:18 PM EST.  The stock closed at $8.35 today, and the stock is still down 2.6% at $8.13.  At one point after the news broke we had as much as an 8% drop.

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