Sun Microsystems Rebounds After Denying Rumor
Sun Microsystems
(SUNW) - Get Sunworks, Inc. Report
was up 4.8% in preopen
Island
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trading after sliding sharply in the past two sessions and hitting a 52-week low Monday. Late Monday, the network computer company denied rumors that it faced accounting problems. The stock has also been hurt by analyst reports questioning the company's growth prospects.
CNBC
this morning said
Banc of America
downgraded Sun to buy from strong buy.
