[Info-vax] OT: Oracle to Buy Sun
Bill Gunshannon
billg999 at cs.uofs.edu
Tue Apr 21 08:51:50 EDT 2009
In article <gsk4eu$iku$1 at south.jnrs.ja.net>,
"Richard Brodie" <R.Brodie at rl.ac.uk> writes:
>
> "Bill Gunshannon" <billg999 at cs.uofs.edu> wrote in message
> news:753nj0F15l88oU1 at mid.individual.net...
>
>> In any event, the market seems to like the idea as Sun has gone up almost
>> 33% so far today.
>
> It would be surprising if it wasn't trading near the offer price, given it looks
> pretty much a done deal.
Which would be true if the rest of the market (and all the IT stocks I
watch out of curiosity) weren't all tanking again. One would expect
Sun to follow the market in mopst cases but this announcement actually
made them stand out from among their peers. Well, for at least one day.
We will have to see where it goes today, but I expect it will continue
to climb. As a matter of fact, I would not be surprised to see it gain
100% from where it was prior to the buyout.
bill
--
Bill Gunshannon | de-moc-ra-cy (di mok' ra see) n. Three wolves
billg999 at cs.scranton.edu | and a sheep voting on what's for dinner.
University of Scranton |
Scranton, Pennsylvania | #include <std.disclaimer.h>
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