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Will McNealy Take Sun Private?

Posted by ryuzaki0 on from the going-back-underground dept.

krygny writes "There is speculation that with $7.5 billion in cash, and liquidation of other assets, Sun could leverage a buyback of all publicly traded shares of SUNW at between $5 and $5.50 per share. I suppose, that would relieve them of Sarbanes-Oxley requirements, which Scott McNealy never really liked. (Who does?) For anyone at Sun who survives the tumult, hopefully, there could also be a return to the former corporate culture."

3 of 203 comments (clear)

  1. Doesn't make it certain. by Anonymous Coward · · Score: 0, Flamebait

    Just because McNealy says it will not happen, does not mean that is what will happen. McNealy over the years, has the same veracity of Bill Gates or GWB. IOW, do not trust him.

  2. Eh? by turgid · · Score: 0, Flamebait
    Ah. It's the 1st of May tomorrow and every good little socialist is out marching and waving red flags and banners. I should have known.

    I thought they threw petrol bombs, smashed up McDonalds "restaurants" and burned down Starbucks' nowadays.

    --
    Stick Men
  3. Re:Already debunked. by jfern · · Score: 0, Flamebait

    Maybe they have some friends on the SEC. George W. Bush would have gotten in trouble for inside trading in 1990, except his daddy was President.