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.
"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.
Comments:
Sun had too much cash
TechRepublic
contends 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.
Post a Comment
TechRepublic
contends 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.
