Feeds

Investors fan Sun shares higher, knock AMD

Hot and heavy speculation

HP ProLiant Gen8: Integrated lifecycle automation

Shares of Sun Microsystems surged Friday on heavy trading, countering a drop earlier in the week.

In an unusual jump, Sun's stock rose 10 per cent - at the time of this report - to $4.84. SUNW is typically one of the most heavily traded stocks and moved today at an even more vigorous clip with more than 100m shares trading hands.

We're unaware of any rumors floating around that would precipitate such a rush on Sun shares. Although, it appears that a large Sun investor is making some serious moves.

Earlier this week, a prominent analyst downgraded Sun, saying the company would likely disappoint giddy investors when it reports second quarter results on Jan. 24. Perhaps some fund managers think they know something about the quarter that the rest of us don't. (Update: A rumor arrived later in the day that some kind of Google-related item was behind the jump, although we don't put much, er, stock in that.)

Also in the hardware realm, AMD's shares dropped more than 5 per cent - at the time of writing - after enjoying a lengthy run up. Earlier in the week, an exuberant analyst fueled the four-year long rumor that Dell will use AMD's chips. Today another genius analyst said he doesn't think that will happen, adding that Intel seems stronger than in past quarters with a new product line.

This appeared to be enough to knock AMD on the day, although many investors likely ignored the analyst's rumblings and were just taking their gains. ®

Reducing security risks from open source software

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.