Monday morning, an hour before the markets open …

And Sun (NASDAQ: JAVA) is already down quite a bit.

Sun dropped as much as $2.26 to $6.23 in early trading after closing at $8.49 April 3 on the Nasdaq Stock Market. IBM closed at $102.22 on the New York Stock Exchange last week.

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2 thoughts on “Monday morning, an hour before the markets open …

  1. I wonder why it hasn’t dropped to it’s pre-takeover-rumor levels? Maybe after the markets open?

  2. @Mark

    We will see … this is likely to be an unpleasant and bumpy ride. If there is no second suitor (as I suspect), and Sun’s board was doing the brinksmanship thing, then investors aren’t going to be too happy.

    If Sun continues on its own through its end of year in June, I am guessing we will see a significant shareholder “throw the bums out” reaction during the shareholder meeting.

    If (as Chris S suggests on the beowulf list) this is nothing more than board factionalization between Scott McNealy and JS, well, … then Sun shareholders have quite a bit to worry about … as the board wouldn’t be acting in the interests of the shareholders.

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