[geeks] Article: Sun's not so cheap trick doesn't work

[Joshua Boyd]

On Sat, Oct 11, 2008 at 11:47:56AM -0400, Lionel Peterson wrote:

> I wish the article went beyond the share price issue and looked at the
> fundamentals of the company - isn't it possible there are simply too many
> shares out there? You can't compare companies on a per-share price/revenue
> basis, as each company has wildly different numbers of shares. (Sun has 744M
> shares)

Hopefully with their new low stock prices they are rapidbly burning
through the $3.75B they allocated for the buy back program.  I think
reducing the number of shares is a great idea.  If they could somehow go
private again that would be even better.
 
> If Sun had 1.55 Million shares, it's per-share price would be about $2,300,
> but to get there would require a staggering 500 to 1 reverse stock split.

That might be a little extreme.