Categories
Tech

Oracle to buy SUN (JAVA) …and I was so wrong!

I make a wrong bet, believing that no one else will buy SUN including Oracle.

My bet was so wrong and this is despite the fact, the chart was telling me otherwise.

I break my own trading rule, and the consequences is I lose money.

The saving grace is I know it is a bet and as such, the position is a small one.

Note to self:

Always follow the trading rules. Be discipline.

Categories
Tech

SUN Microsystems (Java) : Hope dashed

SUN wanted to go back to the tables and talk.

Unfortunately, IBM says NO. (Source : http://www.cnbc.com/id/30245898 ).

And there is Chambers (Cisco CEO) who had also highlighted that a deal with SUN is unlikely.

Who else is there that is capable of acquiring SUN. Not many. Maybe Oracle. Unfortunately, the conspiracy theory for Oracle-SUN is so far out that it will take a lot more to spin a decent tale. What would Oracle do with the hardware business?

Where is SUN headed now without IBM? With earnings results just around the corner and a recent layoff during end March…. it seems like a downhill ride for SUN to me.

Categories
Tech

3PAR : Seventh Fastest Growing Public Company in Silicon Valley

Good news for 3PAR

Source : http://finance.yahoo.com/news/San-Jose-Mercury-News-Cites-iw-14930015.html

FREMONT, CA–(MARKET WIRE)–Apr 15, 2009 — 3PAR® (NYSE:PAR – News), the leading global provider of utility storage, was cited as the seventh fastest growing public company in Silicon Valley in 2008, according to the Silicon Valley 150 list compiled annually by the San Jose Mercury News. 3PAR debuts on the Silicon Valley 150 with a ranking of 122 and 83% growth in 2008 — a year during which one-third of the companies on the list actually saw sales fall.

“Even in a challenging IT climate in which the Silicon Valley 150 companies grew collectively at a mere 5.2 percent, 3PAR continued to win over brand-name customers with our innovative, cost-saving, and energy-saving utility storage technology,” said David Scott, CEO of 3PAR.

The Silicon Valley 150 ranks public companies headquartered in Santa Clara, Santa Cruz, southern San Mateo, and southern Alameda counties on the basis of worldwide revenues (“Sales”) for the most recent available four quarters as of March 31. Most results are for the four quarters ended on or near Dec. 31, 2008.

To view the full article: http://www.mercurynews.com/sv150/

Interesting enough. In the same report, PALM was listed among the TOP 10 for Biggest Percentage Drop and SUN Microsystems (JAVA) is among the TOP 10 for Biggest Dollar Drop.