Volume Spike Investor

Sun Microsystems, Inc. (NASDAQ: JAVA) is soaring early this morning.  Reuters ran a headline last night that an activist lawyer sees a flaw in the EU case and on a NYPost report that Larry Ellison may be willing to create a separate unit to appease regulators.  Yeah, like maybe the notion that Sun can’t make money alone with its open source issues…. At any rate we have shares up strongly this morning.  At 8:13 AM EST the stock is up 7% at $8.81 on almost 4 million shares.  Average volume here is 14 million shares.  This is not a done deal yet, but the EU’s case is proving to make the regulatory body look less and less credible here.

JON OGG