For about a month, there's been a brewing story about a value investment firm, Southeastern Asset Management, buying up a large position in Sun, and already talking to management about what they think the company needs to do to improve shareholder value:
<http://blogs.systemnews.com/2008/10/23/southeastern-asset-management- now-owns-21-of-sun/> An article on a skunkworks data storage product at Sun says that "Investment firm Southeastern Asset Management has recently accumulated a fifth of Sun’s shares, and has hinted that it might start hunting for suitors whether Sun’s board likes it or not." <http://bigtech.blogs.fortune.cnn.com/2008/11/12/sun-gambles-big-as- outlook-darkens/> One blog I found regarding this story thought that Southeastern was wasting its time with Sun: <http://www.247wallst.com/2008/08/sun-microsyst-1.html> In any case, this investment firm may push Sun to do something soon, if they get enough clout. Having said all that, it could be worse. Look at General Motors: its market cap has fallen so far that Sun could buy it, with cash. --Chris --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "The Java Posse" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/javaposse?hl=en -~----------~----~----~----~------~----~------~--~---
