Sun released PRELIMINARY results for 4th quarter after market closed last night (July 15) and despite very volatile market condition (Java closed @ $8.80 during normal trading hours), it was chased up to $9.94 in after-hours trade ...........

Sun Microsystems Inc. shares leaped after the networking products provider's earnings forecast came in better than expected by analysts. JAVA shares leaped 13% to $9.94 in heavy (after hours) trading after the company said it expects fourth-quarter revenue of $3.725 billion to $3.8 billion, compared with $3.835 billion in the same quarter a year ago. It forecast gross margin of 44% to 45%.