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Datacore Software

Financial

Sun off the floor

posted on 18 July 2008 08:03


Back above $7 billion market cap

Sun shares have risen off a floor following the preliminary results statement for its Q4. They are now at $9.43, providing a market capitalization for Sun of $7.37 billion.

On July 14th the share price was $8.92 and market capitalization was $6.98 billion.

The recent announcements of good news by Sun, such as Samsung extended-life flash memory for its servers, etc. will have helped to move sentiment but the prime mover was the early results statement.

[B&F staff.]