Hi all:
Sun has
. annual sales of USD 14 billion
. vast intellectual property portfolio
. USD 2 billion of cash reserves
and yet has a market cap of just USD 4 billion (stock price: $ 5.29).
How come market cap is less than market sales ?
or am i missing something about Economics here ?
An interesting article about Sun Microsystems at NYTimes.
http://www.nytimes.com/2008/10/31/technology/companies/31sun.html?ref=technology
thanks
Saifi.
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