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What's Up with Sun Microsystems Stock Options? | PowerOptions Web Log
Sun Microsystems (JAVA) stock options volume went into orbit yesterday and its stock price was up about 4%. Sun Microsystems once-upon-a-time proclaimed itself as the “dot in dot-com,” but fell from grace with the dot-com implosion. Sun is in the business of providing software, servers, storage, networking and desktop systems. The company is known for developing its line of high-powered workstations and for developing the Java programming language. In recent months, Oracle (ORCL) has been planning to merge with Sun, but ran into a snag with the European Commission rejecting the idea. The conflict seems to stem from Oracle’s proprietary database products and Sun’s ownership of open source database MySQL, which it recently purchased. To get the deal pass the European Union, Oracle/Sun may have to divest MySQL. Sun’s stock price has basically been falling ever since the aftermath of the dot-com bubble. It recently spiked up with the potential...