Goldman Sachs Sets The Sun (JAVA)

Goldman Sachs was already cautious on Sun Microsystems Inc. (NASDAQ: JAVA).  But this morning it slashed a prior Neutral rating down to its ugly SELL rating.  The firm cited deteriorating fundamentals as the economy weakens and as customers look for more economical alternatives.  We would like to take this opportunity to re-highlight why CEO Jonathan Schwartz was one of our 10 CEOs to go for 2009.  Shares have nearly doubled off of recent lows.  If Schwartz stays on as CEO and continues his strategy, then that run will have been far too much.We haven’t seen any formal trades go through on Sun yet, but shares are indicated down more than 3% if the original indications are accurate.

Jon C. Ogg
January 8, 2009

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.