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Sun expands stock buyback by $1 billion

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Sun Microsystems Inc. said Friday it is expanding its stock buyback program by $1 billion, an indication that the server maker believes its slumping shares are undervalued. – (Sydney Morning Herald — 2 August, 2008)
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Sun fell more than 12 percent in early morning trading, as the company posted declining fourth quarter results amid a slowing U.S. economy. (CNET News.com — 2 August, 2008)
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Sun expands stock buyback by $1 billion
Sun expands stock buyback by $1 billion

The JupiterResearch brand will begin to serve Forrester’s “Marketing and Strategy” clients, under a deal announced Thursday. (CNET News.com — 1 August, 2008)
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Analysts had predicted the video game giant would lose 33 cents per adjusted share, but it posted losses of 42 cents per share. (CNET News.com — 30 July, 2008)
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Sun Microsystems Inc.’s profit plunged 73 percent in the most recent quarter as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker. – (Sydney Morning Herald — 2 August, 2008)
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Kickfire has a great idea, but will Sun kill it off? (CNET News.com — 31 July, 2008)
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The video game publisher Electronic Arts posted a smaller net loss for its fiscal first quarter Tuesday and more than doubled its revenue thanks to soaring sales of games like Rock Band. (New York Times — 30 July, 2008)
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CBS Corp.’s second-quarter earnings rose 1 percent, narrowly beating analyst estimates, as gains from selling an interest in the Sundance Channel offset declines in local television and radio advertising revenue. – (Sydney Morning Herald — 1 August, 2008)
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Web search giant working to create a venture capital arm, joining the ranks of Intel, Hewlett-Packard, and Motorola in the role of seeding start-ups. (CNET News.com — 31 July, 2008)
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New York-based Clickable raises $14.5 million from the Founder’s Fund, and Marchex retools its local-search advertising platform. (CNET News.com — 30 July, 2008)
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