Sun Microsystems Inc. will be axing up to 6,000 jobs. That is 18 percent of its employment 
force world-wide.
Sales of its high-end computer servers have taken a nose-dive. Sun could be forced to sell itself or some of its assets as the economic crisis deepen problems facing Sun Microsystems. It has been struggling since the dot com bubble burst in the early 2000s.
Sun’s desperate to cut costs and survive as an independent company. Sun’s shares have fallen so sharply they’ve crossed a gloomy future, driving the company’s market value below its cash on hand. It looks like a good time to buy stocks in Sun at the price of $4.12
Investors essentially believe the company is valueless. Sun’s latest misery has ramped up gossip that one of the most storied names in the computer industry could be snapped up on the cheap by bigger rivals such as Hewlett-Packard currently priced at $30.46.
, IBM Corp. currently priced at $80.33.
and Dell Inc.trading at $10.89.
