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Technology Stocks : All About Sun Microsystems

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To: Mark O. Halverson who wrote (64839)6/25/2009 8:09:49 PM
From: benshultz  Read Replies (2) of 64865
 
I agree with you that Oracle is coming out of the merger in great shape. You mention that you are going to keep some of your Sun shares for a while but the merger is a cash buyout, you will get $9.50 for each of your shares. I am personally going to vote against the merger because, like many investors, I but puts as insurance against a collapse in my Sun shares price. Well, now that the merger was announced, my puts are out of the money. Oracle is not picking up the out of the money puts so they would expire worthless. It's better for me if no merger occurs. If it were an exchange of shares with Oracle, then I would be ok. I really think that Oracle should have offered more, they are getting a lot of cash in this deal, I think Sun is probably more financially sound then Oracle.
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