A technology blog for The Economist Group IT team

Thursday, June 02, 2005

Sun has too much cash

"We have the cash, we have a strong financial position. We have committed to turning the huge cash position at Sun into profitable growth," said Sun's CEO Scott McNealy on the $4.1bn cash purchase of StorageTek. Reuters has more.

Sun had too much cash

that the acquisition was a little risky, "given the weak growth outlook for tape" and the fact that they've spent 40% of their liquid assets to make the purchase.
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