Sun Micro higher&#059; iPhones coming to RadioShack

LOS ANGELES (MarketWatch) -- Sun Microsystems Inc. (JAVA) shares rose Friday evening following the company's report of a narrower quarterly loss, while RadioShack Corp. (RSH) shares moved higher in light volume on plans for the company to soon start selling iPhones at certain locations.

Sun Microsystems (JAVA) shares rose 0.9% to $8.17 as the computer server and software developer said in a regulatory filing that its fiscal first-quarter loss was $120 million, or 16 cents a share. In the same period last year, Sun lost $1.68 billion, or $2.24 a share. Excluding items, per-share earnings would have been 2 cents.

Revenue for the most recent period was $2.24 billion, a drop from $2.99 billion in the year-ago period.

The company is still working on completing its acquisition by Oracle Corp. (ORCL) . The deal was announced in April.

Shares of Oracle (ORCL) were down 0.4% at $21.34 and were among the most actively traded of Friday's late session.

Also active in the late session were shares of Starbucks Corp. (SBUX), up 0.2% at $21.17.

The coffee retailer's dayside shares jumped 7.2% after the company posted quarterly results and a 2010 forecast that beat Wall Street's projections. The company's results were driven by lower operating costs as well as a rise in the number of customers coming into their stores.

Elsewhere, RadioShack Corp. (RSH) advanced 2.6% to $18.20 in low volume of less than 25,000 shares exchanged. The electronics retailer said it will begin to carry iPhones in a limited number of company-owned stores in the New York City metro area and in Dallas-Fort Worth later this month.

RadioShack (RSH) also said it expects to begin selling the Apple mobile device nationwide next year.

Late-traded shares of Apple rose 16 cents to $194.50.

Ahead of the late-trading session, U.S. stocks finished volatile trading slightly higher.

The Dow Jones Industrial Average rose 17 points, or 0.2%, to 10,023.42. The S&P 500 Index rose 3 points, or 0.3%, and the tech-heavy Nasdaq Composite Index rose 0.3% to 2,112.

Stocks swung between losses and gains in the wake of a bigger-than-expected loss in U.S. nonfarm payrolls in October. The unemployment rate jumped to 10.2%, the highest level since 1983.