Top Tech Movers (EBAY, GRMN, LOGI, PLXS, JAVA, ORCL, STX)
eBay Inc. (NASDAQ: EBAY) ex-Skype figures were up 18% and the company beat estimates and raised guidance. Frankly, after a 125% gain the guidance did not seem strong enough to justify this move, but the market is always stronger than one voice or one opinion. Shares are up 8.8% at $24.20 on 1.47 million shares. [...]
Sun & Oracle Suddenly Closer, All Over Again (JAVA, ORCL)
Sun Microsystems Inc. (NASDAQ: JAVA) is surging this morning on reports that the EU is warming up to the Oracle Corp. (NASDAQ: ORCL) buyout. Apparently Oracle presented its post-merger MySQL plan and it must have been received better than anything else these companies have said. At 8:36 AM EST we have shares trading up 9.8% [...]
Sun-Oracle EU Block May Have Flaws (JAVA)
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 [...]
Sun Sort of Holds Up Despite EC Protest (JAVA, ORCL, IBM)
Sun Microsystems Inc. (NASDAQ: JAVA) and its $9.50 per share buyout by Oracle Corp. (NASDAQ: ORCL) may be further in jeopardy after the Europeans have now officially voiced some concern over the deal. The EC believes that this combined company will have too much market share in the MySQL server software industry. This is a [...]
Sun Microsystems Active on E.U. Roadblock (ORCL, JAVA)
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 [...]
Sun Sees Options Activity Increasing (JAVA, ORCL)
Traders appear to be increasing their bets for and against an ultimate approval of the Sun Microsystems (NASDAQ: JAVA) and Oracle (NASDAQ: ORCL) deal based on the jawboning and fat-chewing that the European Commission is holding the merger up and only making Sun lose more money than it would have. Here is the PUT OPTIONS [...]
Sun Getting Stunned Over EU Probe (JAVA, ORCL)
Sun Microsystems Inc. (NASDAQ: JAVA) is getting worked liked a punching bag. The E.U. has decided that a very in-depth review and probe is needed in the acquisition by Oracle Corp. (NASDAQ: ORCL). Maybe the E.U. likes for tech companies to lose money and to not do well at most big efforts financially, because that [...]
Major Techs Hitting 52-Week Lows (AAPL, CSCO, EBAY, EMC, GOOG, RIMM, JAVA, YHOO)
This morning we put out an alert at 24/7 Wall St. showing how many new stocks were hitting 52-week lows. What was shocking was how many major and key technology or Internet names were on the list. You can see the full list of lows here, but here are some of those technology stocks hitting [...]
After-Hours Volume Surge: Sun & Altera (JAVA, ALTR)
Sun Microsystems Inc. (NASDAQ: JAVA) rocketed after-hours after the company managed to issue better than expected guidance of $0.25 to $0.35 non-GAAP EPS on $3.725 to $3.8 Billion in revenues, compared to estimates of $0.27 EPS and $3.24 Billion in revenues. With more than 60 million shares short and with fresh 52-week lows day after [...]
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