FeedPosted Oct 21st 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Boeing Co (BA), Sun Microsystems (JAVA), Wells Fargo (WFC), SLM Corp (SLM)

Today was one of those days where it felt like it would be an up-day and most traders were feeling good, but the last hour's trading came down so far so fast that traders had little feel whether we'd have an up or down session until right before the closing bell.
Oil inventories were not a huge surprise like the week before, but the data sent oil much higher and then a weak US dollar only added to oil price gains. Some may use the Beige Book as the reason for the sell-off, but it might be how little the government expects Wall Street executives to work for if they are a TARP bank.
Here were today's unofficial closing bell levels:
Dow 9,956.91 -84.57 (-0.84%)
S&P 500 1,081.36 -9.70 (-0.89%)
Nasdaq 2,150.73 -12.74 (-0.59%)
Top Day Trader AlertsTop 10 Analyst CallsTop Stock RumorsContinue reading Closing Bell: The good off day (BA, JAVA, SLM, WFC)
Posted Oct 20th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Intel (INTC), Market matters, Scandals, Sun Microsystems (JAVA), Akamai Technologies (AKAM), Cramer on BloggingStocks
The Street.com's Jim Cramer says that it's awful knowing that Galleon had every single nuance of the next Intel call. The call. The edge. The inside scoop. At one point, you could have it. At one point, before Regulation Fair Disclosure (FD), persistence, hard work, going to meetings, doing everything you could to learn a company entitled you to a callback from the company. The rules were clear: If you got something that was material and non-public, you couldn't trade on it, you were frozen. But there were some blurred lines and the intensive research shops with great industry contacts could get an ever-so-slight heads up that could make a difference. Or you could go to a one-on-one where management might let slip something no one had, and you could have that momentary head start.
But Regulation FD ended all that. All the insider calls, the disclosure at one-on-ones, anything that smacked even of proprietary information. The rules were no longer voluntary. It wasn't a question of freezing. It was a question of talking. You couldn't talk to "them." Hedge funds could not talk one-on-one to anyone of authority at a company. The insider would face prosecution, do you weren't even supposed to try.
Continue reading Cramer on BloggingStocks: A mockery of the game
Posted Oct 17th 2009 12:40PM by Tom Johansmeyer (RSS feed)
Filed under: Insiders, Law, Google (GOOG), Intel (INTC), International Business Machines (IBM), Sun Microsystems (JAVA)
Raj Rajaratnam's life has just changed profoundly. The 52-year-old founder, fund manager, and partner at the Galleon Group has been accused of insider trading, conspiring with others (now named as defendants with him) to trade shares of Google (NASDAQ: GOOG), Hilton (OTC: HLNQ), and Sun Microsystems (NASDAQ: JAVA), among others. Rajaratnam generated $25 million in profits on these trades, but that's moot now.
Rajaratnam, who is #559 on the list of the world's richest people, with a net worth of $1.3 billion, now faces fines of up to $250,000 and from 5 to 20 years in prison. I doubt he'll be in the same slot on next year's list of billionaires.
Continue reading Billionaire hedge fund manager arrested on insider trading charges
Posted Sep 3rd 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Citigroup Inc. (C), Sun Microsystems (JAVA), Oracle Corp (ORCL), Honeywell Intl (HON)

Trading volume and news activity were both fairly impressive when you consider just how many traders and investors have headed for the hills or for the beach ahead of the Labor Day weekend. This morning's
weak jobless claims did little to offer any great hope for Friday's unemployment and payrolls data. But less-bad retail data kept some positive sentiment alive. This was another one of those days where the overall bull or bear was a mystery figure until the close.
Here are today's unofficial closing bell levels:
Dow 9,343.47 +62.80 (0.68%)
S&P 500 1,003.16 +8.41 (0.85%)
Nasdaq 1,983.20 +16.13 (0.82%)
Top Analyst UpgradesTop Analyst DowngradesTop Day Trader AlertsContinue reading Closing Bell: The great jobs set-up for bulls and bears (C, HMY, FSLR, HON, JAVA, ORCL, ZUMZ)
Posted Jul 14th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Dell (DELL), Goldman Sachs Group (GS), Sun Microsystems (JAVA), Oracle Corp (ORCL)

Today was a strong day from the start, but shares traded mixed throughout the day. There was an
exceptionally high PPI, but this was interpreted as already being artificial because of commodity price changes. Earnings are starting to come in relentlessly and won't lighten up for the next three weeks.
Here were today's unofficial closing bell levels:
Dow 8,357.14 +25.46 (0.31%)
S&P 500 905.55 +4.50 (0.50%)
Nasdaq 1,798.91 +5.70 (0.32%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: When earnings reactions misfire (CSX, DELL, GS, HNT, JAVA, ORCL)
Posted Jun 29th 2009 7:45AM by Paul Foster (RSS feed)
Filed under: Sun Microsystems (JAVA), Oracle Corp (ORCL), Options
Oracle (NASDAQ: ORCL) announced in April the acquisition of Sun Microsystems (NASDAQ: JAVA) for $9.50. Sun Microsystems closed at $9.01. Oracle issued the following statement, attributable to Dan Wall, counsel to Oracle. "We've had a very good dialogue with the Department of Justice and we were almost able to resolve everything before the Second Request deadline. All that's left is one narrow issue about the way rights to Java are licensed that is never going to get in the way of the deal. I full expect that the investigation will end soon and not delay the closing of the deal this summer." JAVA August option implied volatility of 22 is near its 13-week average, according to Track Data, suggesting non-directional price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Apr 23rd 2009 10:40AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Yahoo! (YHOO), Apple Inc (AAPL), eBay (EBAY), Intel (INTC), Market matters, International Business Machines (IBM), Nokia Corp. (NOK), Best Buy (BBY), Corning Inc (GLW), Sun Microsystems (JAVA), Oracle Corp (ORCL), QUALCOMM Inc (QCOM), Broadcom Corp'A' (BRCM), Cramer on BloggingStocks
Continue reading Cramer on BloggingStocks: It's go with the flow on tech stocks
Posted Apr 21st 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market matters, International Business Machines (IBM), Bank of America (BAC), Sun Microsystems (JAVA), Oracle Corp (ORCL), Texas Instruments (TXN), Broadcom Corp'A' (BRCM), Wells Fargo (WFC), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the good developments in the space got lost yesterday amid all the hubbub over banks. We are so focused on the endless one-time gains at
Bank of America (NYSE:
BAC) (
Cramer's Take) that made the quarter look better than it should that we forgot about some other obvious positives that were occurring right before our eyes. I am talking about tech, and tech mergers and tech earnings.
No, I am not minimizing the problems of the banks -- did anyone think that Ken Lewis would choose to show a loss if he had a chance, as the bears seemed to urge? I am saying that when you have both
Oracle (NASDAQ:
ORCL) (
Cramer's Take) and
IBM (NYSE:
IBM) (
Cramer's Take) interested in something that we thought was worth very little just a few weeks ago --
Sun Microsystems (NASDAQ:
JAVA) (
Cramer's Take) -- when you have
Broadcom (NASDAQ:
BRCM) (
Cramer's Take) interested in buying
Emulex (NYSE:
ELX) (
Cramer's Take) -- another left-for-dead tech company -- and when you have
Texas Instruments (NYSE:
TXN) (
Cramer's Take) saying inventories are lean, mostly because of Asian demand, you are not getting a picture of despair.
Continue reading Cramer on BloggingStocks: Don't miss this moment in tech
Posted Apr 21st 2009 9:30AM by Tom Taulli (RSS feed)
Filed under: Private equity, Sun Microsystems (JAVA), Oracle Corp (ORCL)

Back in early 2007, KKR Private Equity Investors -- along with
Citigroup (NYSE:
C) -- invested $700 million in
Sun Microsystems (NASDAQ:
JAVA). The investment structure was a convertible senior note (both firms split the investment).
And, just like many other private equity deals,
KKR wrote down the investment -- by about $167 million. This was as of last year.
Well, in light of
Oracle's (NASDAQ:
ORCL) announced $7.4 billion buyout of Sun yesterday, there is a nice surprise for KKR. You see, according to the note agreement, KKR is entitled to get its investment repaid. In fact, this also includes payment of accrued interest, according to
Reuters.
Continue reading KKR gets some juice from the Oracle/Sun deal
Posted Apr 20th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: PepsiCo (PEP), Citigroup Inc. (C), Bank of America (BAC), Sun Microsystems (JAVA), Oracle Corp (ORCL)

This was one of those "sell-the-news" trading days that many of the bears were expecting over the last two weeks. In fact, some bears might finally feel vindicated after weeks of being slapped silly. The European markets started lower and the U.S. followed suit. Credit concerns for banks getting worse ahead and what Uncle Sam will do with his stakes in the banks was just a part of it.
Here are today's unofficial closing bell levels:
Dow 7,841.73 -289.60 (-3.56%)
S&P 500 832.39 -37.21 (-4.28%)
Nasdaq 1,608.21 -64.86 (-3.88%)
Top 10 Analyst CallsContinue reading Closing Bell: When reality sets in... (JAVA, ORCL, NTAP, BAC, C, PEP)
Posted Apr 20th 2009 8:08AM by Paul Foster (RSS feed)
Filed under: Deals, Sun Microsystems (JAVA), Oracle Corp (ORCL), Options
Sun Microsystems (NASDAQ: JAVA) will be acquired by Oracle (NASDAQ: ORCL) for $9.50. JAVA May call option implied volatility of 118 was above its 26-week average of 89, according to Track Data, suggesting larger price movement.
ORCL is recently down 80 cents to $18.20 in pre-open trading. ORCL April option implied volatility of 49 is near its 26-week average of 52, according to Track Data, suggesting non-directional movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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