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Sun Buying StorageTek for $4.1B

Posted by Zonk on from the that's-a-lot-of-storage dept.

MarkEst1973 writes "Sun Microsystems Inc. is buying Storage Technology Corp. in a $4.1 billion cash deal, the companies announced Thursday. The acquisition answers lingering questions about what Sun would do with about $3.1 billion of balance sheet cash. StorageTek is a profitable company with $191 million in profit in '04 on $2.2bn in sales while Sun posted a loss last year (albeit a much smaller one than the year before)."

2 of 215 comments (clear)

  1. Ya... I had big plans... by Kjuib · · Score: 0, Troll

    I was going to out bid them by $5billion... but I couldn't dig up the last $10million... I hate when business adventures slip by like that.

    --
    - Your stupidity got you into this mess, why can't it get you out? -Will Rogers
  2. Hooray. by Wakko+Warner · · Score: 0, Troll

    What could be better than shitty hardware, running a shitty operating system, married to shitty SAN disk, being backed up to a shitty tape silo?

    Sun will be able to sell you the whole thing, from start to finish, now.

    - A.P.

    --
    "Remember when the U.S. had a drug problem, and then we declared a War On Drugs, and now you can't buy drugs anymore?"