Feeds

Sun shares spike on Opteron optimism

Eyeing the profit barrier

  • alert
  • submit to reddit

Intelligent flash storage arrays

Shares of Sun Microsystems surged on Thursday as an analyst firm upgraded the company's stock based on its relationship with AMD.

Sun rose more than 10 percent to $5.51, nearing its 52-week high of $5.64. A note from Banc of America raising Sun to a buy from neutral appeared to be one driver of the uptick.

"Our upgrade is based on longer-term fundamentals, including our belief that Sun's partnership with AMD holds promise and a more bullish outlook on enterprise spending," the analyst firm said in the report.

El Reg broke the news of Sun's love affair with Opteron last year. Sun plans to roll out an entire fleet of Opteron-based systems from workstations to four processor boxes and eventually beyond.

The industry enthusiasm around AMD's Opteron product has sparked more and more speculation that Intel will release a x86-64-bit product of its own.

Sun is approaching $6 per share for the first time in a long while. Last year, the company enjoyed a brief share spike before reporting a large loss that caused investors to run.

Sun is set to report its second quarter earnings next week with analysts expecting a $0.05 loss on sales of $2.71 billion. A couple of firms, however, have said they expect Sun to come in closer to break-even, and our sources suggest Sun may well post a profit. &

Intelligent flash storage arrays

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.