[opensolaris-summit] A note of thanks...

[Martin Bochnig]

On Mon, 5 May 2008, Martin Bochnig wrote:

> http://www.theregister.co.uk/2008/05/02/sun_shares_fall/
> http://finance.yahoo.com/q?s=JAVA
> I feel sorry for Sun's most recent
> financial quarter (although it wasn't all that bad, actually). And those
> speculant bastards at Wall Street are making
> lunch out of the share. The entire economy has crashed and they expect Sun
> to post huge profits during such a period???

I should mention another point that few "analysts" seem to be talking 
about: Sun 
bought back 300 million USD worth of their shares (at over $17/share) 
last quarter. Add that expense to the two big acquisitions 
(one of which 
was MySQL) and that might help explain why their earnings fell short this 
quarter. Sprinkle in a little "slowing US economy" drivel for good 
measure. There are a ton of initiatives and progress reports that will be 
shared at JavaOne (the conference starts Tuesday May 6th to 9th in San Fran). Personally, I feel that Sun's 
restructuring/turnaround is taking shape fairly well, they've had some 
measurable improvements over the past four five quarters. The sell off on 
Friday was just a crankypants tired-ass market punishing Sun for making 
them wait, people have been holding their stock anticipating a turnaround 
for a long while. Sun wasn't particularly attractive at $23/share 
(actually $05.75 in pre share-split-terms), at 
$12/$13 ($03.00-$03.25 pre-split) per share however, it's a bargain.

If I had some cash to invest, I would put 60% of it into JAVA, while 
spreading the other 40% market-wide.

Sorry for being OT (if you see it that way maybe 
that's a potential problem).

Regards,
Martin Bochnig
SCSecA && SCNetA && SCSysA
C and Java Developer etc.