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Technology Stocks : All About Sun Microsystems
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To: dr_spock who wrote (64370)9/11/2007 2:31:51 PM
From: Mark O. Halverson   of 64865
 
...Anyone else care to explain the recent rise in the stock price?

While symbol change may be providing small stock price boost, I think JAVA price gains mostly from perception of improved fundamentals. Keep in mind, Sun is just now into positive earnings per share territory. With earnings/revenue currently such a miniscule number, tiny boost in profit margin would give large percentage drop in P/E, were price not to rise correspondingly. Its called leverage. As profit margin increases further (I think it will), leverage should boost stock price inordinately

Best, Mark
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