So, Sun investors, does that $5 stock price got you down? Change may be in the wind.
No, there is no crystal ball or vision of a mega-buyout around the corner. But rather, the company is looking to throw a little Miracle-Gro on the stock.
Sun Microsystems is proposing a 1-for-4 reverse stock split and is asking its investors to sign off on the idea at its annual shareholders meeting on November 8, according to its filing Wednesday with the Securities and Exchange Commission.
If investors approve the reverse split, four of those $5 stocks would be combined and increase … Read more