Sun Seeks Stock Split; Intel Drops After Hours on Barron's Story
According to a Securities and Exchange Commission filing, Sun Microsystems (SUNW Quote) has asked its shareholders to approve a 2-for-1 stock split, which would double its authorized stock to 3.6 billion. The stock split, which will be voted on by shareholders Nov. 10, would be payable Dec. 9.
After-Hours Markets
CNBC, in its weekly Barron's preview, revealed that Intel (INTC Quote) would be the subject of a negative cover story to be released this weekend. The news, which broke around 7 p.m. EDT, sent Intel's stock down in after-hours trading on Island ECN.
Nonetheless, Friday night trading is thin and tonight is no exception. Aside from Intel, not much else was moving on Island ECN. Digital Insight (DGIN Quote) continued trading on the popularity of its IPO, while tech stocks dominated the rest of the chart. ...
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