Shares of Sun Microsystems
jumped 10% after hours Monday on news that the company will help build a nationwide standard desktop software system in China.
Sun said the China Standard Software Co. (CSSC) will use Sun’s Java Desktop System as the foundation for standard desktop development and deployment in the People’s Republic of China. CSSC is a consortium of Chinese technology companies backed by the Chinese government to produce a nationwide standard desktop software system, and Sun said it is now the CSCC’s preferred technology partner for reaching this goal.
CSSC will deliver its own branded desktop products using the Java Desktop System as the foundation for its desktop standards, subject to export approval from the U.S. government. China plans to install at least 200 million copies of an open-standards-based desktop solution throughout the country, starting with 500,000 to 1 million seats per year.
For Sun, which has been battered by concerns about profitability, the win in the world’s most populous nation could be a big one.
Also after the close, Agilent
beat estimates, and ATI
Stocks fell during the day on increasing global terrorist attacks, following an overnight sell-off in world markets.
The Nasdaq fell 20 to 1909, the S&P 500 lost 6 to 1043, and the Dow dropped 57 to 9710. Volume declined to 1.32 billion shares on the NYSE, but rose 1.87 billion on the Nasdaq. Decliners led 22-9 on the NYSE, and 22-9 on the Nasdaq. Downside volume was 82% on the NYSE, and 75% on the Nasdaq. New highs-new lows were 87-14 on the NYSE, and 131-26 on the Nasdaq.
plunged 23% after losing government business.
fell 12% on a downgrade and possible competition from Microsoft
, which may be entering the online music fray.
slipped as the European Commission extended its inquiry into Oracle’s takeover attempt.
rose 5% after winning a Fibre to the Premises contract from Verizon
Kulicke and Soffa
surged 6% after raising guidance.
fell 4% on mixed guidance.
edged higher on plans to acquire 17173.com, a Chinese online gaming site.
slipped 2% on plans to acquire Korea’s Internet Auction Co.
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