Each month Sun Marketing publishes the "Good News" about Sun. This month there are 12 items and 3 groups:
Leading Market Conversations: ComputerWorld's "100 Best Places to Work in IT 2009," Open Work Program, Sun Constellation System, Sun Blade Systems, Julich, Sun Blade X6275, NetBeans 6.7
Sun projects it will have a net loss of 24 to 34 cents per share for its fourth quarter of fiscal 2009, which ended June 30, 2009. This translates to between 6 and 16 cents a share excluding special nonrecurring items. The company reported these preliminary results two days before a special stockholder meeting (July 16) where members were set to vote on whether to approve Sun's acquisition by Oracle.
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A special meeting of Sun stockholders held on July 16, 2009, to vote on whether to accept Oracle's proposal to buyout the company has been approved. Sun reports approximately 62% of the shares of outstanding Sun common stock voted to adopt the agreement. Oracle will acquire Sun common stock for $9.50 per share in cash.
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