The share price of sun may was down 18% yesterday -- as the company may be seeing a bloody bottom line for the quarter. However, that does not mean the company is in danger of closing shop or even slowing down -- not by a long shot.
Just two points:
1) Solid and conservative balance sheet.
Debt/Equity is at 0.23 -- very very conservative! 1.0 is normal. 0.23 is phenomenal.
Current ratio at 1.54 -- i.e. more than enough liquidity
to meet current obligations
Total Cash at $1.9bn -- is more than sufficient.
Even if sun does not make a profit in five years the company will still be standing. Sun's market cap is $36,000,000,000. A net loss of $300mn will not be even 1% of the companies market value.
2) Java is supported by other market leaders like IBM, Oracle, Borland, Syamantec, etc.
In a nutshell, Sun's fundamentals reflects a conservative stance that can withstand a downturn in the economy. Should you still fret the demise of Sun; know that Java belongs to Sun but is supported by other Tech industry leaders. I really can't imagine IBM without websphere...