JAVA » Topics » What was announced?

This excerpt taken from the JAVA DEFA14A filed Sep 5, 2007.

What was announced?

At the 2007 Annual Meeting of Stockholders on November 8, Sun will be asking its stockholders to approve a one-for-four reverse stock split.

If the reverse stock split is approved by our stockholders, Sun will exchange one new share for every four outstanding shares. As a result, when the reverse stock split becomes effective, Sun will have one-fourth as many outstanding shares, but each share will be worth approximately four times as much. The reverse stock split will not impact the market value of Sun as a whole, although the market value of Sun’s stock may move up or down once the reverse stock split is effective.

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