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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject9/11/2002 3:48:07 PM
From: Teri Garner   of 436258
 
15:43 ET SUNW Sun Microsystems pressured by Hitachi, debt rumor (3.38 -0.13)
Shares are conspicously weak on a day that most hardware names have been in positive territory; we're hearing speculation among traders that the shares are getting hit (along with IBM -1.6%) on Hitachi's preannouncement and talk of pricing pressure at Hitachi Data Systems; in addition, we're also hearing rumors that SUNW may get hit with a debt downgrade (although this would have little more than a psychological effect, since the co has very little debt).
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