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  • erich50036 erich50036 Jun 1, 2009 12:54 PM Flag

    Positive News Pending

    WSJ also recently reported (also unconfirmed) that IBM was buying Sun Micro and even quoted the pps. Ended up IBM did not buy. JAVA pps went on a roller-coaster ride until Cisco finally came out of nowhere to save stockholders after IBM said 'no at any price'. Weird and wacky stuff can happen and the WSJ doesn't have a lock on the truth. Not saying it won't happen, but it's certainly not a sure thing. BMY's comment to UBS that they are not in negotiations to buy a stake is troublesome and seems as much or more substantiated than an anonymous comment to a WSJ reporter. This is what's holding it down.

    No, I don't have a long or short position, just paying attention. I used to be long but cut out a couple months back but still keep an eye on ELN.

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