12 October, 2008

Bits: Sun Microsystems: A Lesson in Failed Cosmetic Surgery

Less than a year after a reverse stock split, Sun finds its stock price back where it started and with close to enough cash to buy itself.

Sun’s shares dropped close to 8 percent Thursday, closing at $5.21. The company now has a stock-market value of $3.9 billion and has close to $3.5 billion in cash, said thecchief executive Jonathan Schwartz in a

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