Sun Is Overdone

Sun Is Overdone: "Mr. Market is certainly pouring sunshine on Sun Microsystems (Nasdaq: JAVA) today. The stock price has ballooned by more than 20% since Sun reported $3.2 billion of second-quarter sales and a GAAP net loss of $0.28 per share. For those keeping score at home, that's down from $3.6 billion in sales and a profit of $0.31 per share a year ago. And while the overnight pop should be welcome for current investors, let me remind you that Sun was trading higher than this sub-$5 level less than a month ago; it's lost 70% of its value over the past year."