Wednesday, August 19, 2009

Sun Microsystems... Closing Soon???

It looks like we’ll be closing soon on the Sun Microsystems (Ticker: JAVA) and Oracle (Ticker: ORCL) deal. Today, CNBC reported that the Department of Justice may give its blessing to the deal this week. The stock rose on the news closing at $9.28 (up $0.06 or 0.65%). If the DOJ gives the go ahead; the only obstacle remaining will be the decision from the European Competition, which is expected on September 3rd. I have a decent position in Sun Microsystems with an average price of $9.18. As they say, time will tell…


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