# 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.

### 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.