February 8, 2002

Sun stock rises on Linux announcement

Author: JT Smith

CBS Marketwatch.com notes that shares of Sun Microsystems climbed Thursday "after Merrill Lynch increased its rating on the stock to 'long-term buy' from 'neutral,' citing the company's Linux software strategy ...The shift to Linux should be well received by customers and should add market share, added Don Young, analyst with UBS Warburg, although it's not clear what the shift to Linux will do for Sun's profit margins and earnings."

Category:

  • Open Source
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