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| On November 3rd, Step It Up is organizing global warming rallies in a number of cities throughout the United States. The organization's primary goal is to get Congress to agree to cut greenhouse gas emissions by 80% by 2050. The November campaign also aims for a moratorium on the construction of coal burning power plants. |
Solar Energy Sun Microsystems: A Cheap Tech Stock that Lives Up to Its Name with Ambitious Eco-Initiatives
| Sun Microsystems: A Cheap Tech Stock that Lives Up to Its Name with Ambitious Eco-Initiatives |
| Written by Thomas Chenoweth | |||
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Sun Microsystems, Inc. (JAVA), whose stock price has been beaten down in recent years, may have found some answers to turn the tide. The company has recently been concentrating on taking the lead in many eco-friendly initiatives related to IT infrastructure, and has itself shown dramatic reductions in its own energy use.
The company provides network computing infrastructure product and service solutions worldwide, which are used in many industries, including technical/scientific, business, engineering, telecommunications, financial services, manufacturing, retail, government, life sciences, media and entertainment, transportation, energy/utilities and healthcare. Recent developments include a new state of the art data center, new energy efficient server products and a newly formed organization dedicated to environmental conscientiousness. Such initiatives recently earned Sun a $1 million incentive payment from local utility Silicon Valley Power. Wall Street is starting to take notice of how a green strategy can provide an edge on the competition The stock traded as high as the mid-60s seven years ago and, considering their new products and plans to offer solutions to help solve the problem of IT energy demands, I love the idea of buying it here under $6.00 per share. Disclaimer: I do not own the stock as of this post but considering Tech's history of 4th quarter performance, I will take a position once the market settles down from its recent volatility.
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