Sun Microsystems (JAVA) stock is a sell on every rise

Symbols: JAVA, ORCL
Posted in: Earnings
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Computer maker Sun Microsystems (NASDAQ: JAVA) suffered a 25% fall in quarterly revenue, as uncertainty over its delayed sale to Oracle (NASDAQ: ORCL) hurt its business.

While the uncertainty may have dragged down the revenues of Sun Microsystems (JAVA), the same has failed to be a dampener on Sun Mircosoystems (JAVA) stock till Monday afternoon. The Sun Mircosoystems (JAVA) stock, pegged at $8.25, was surprisingly up by by 1.85% compared to Friday's close.

However, considering that integration may still take a longer time to yield positive results, traders would be better advised to sell the Sun Mircosoystems (JAVA) stock on every rise.


 
 
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