Sun Microsystems

(SUNW) - Get Report

slipped into negative territory shortly before 2 p.m. and was down 0.7% in midafternoon.

The server maker, which is holding its analysts meeting today, said demand in January is similar to December, not as good as hoped in the U.S. The company's CFO said the company sees revenue doubling over the next three-plus years.

The stock traded as high as $29.50 this morning as officials told analysts that key products were on schedule.