Sun Stakes Rebound On StorageTek Gambit

摘要

Sun Microsystems Inc.'s agreement last week to buy Storage Technology Corp. for about $4.1 billion could be a good deal for both companies, some users and analysts said. But it left others scratching their heads and thinking that Sun could have put its cash to much better use. There was general consensus, though, that each company had little choice but to make a significant move. Sun, in particular, had to do some- thing to boost its storage business and its overall market position against rivals such as IBM and Hewlett-Packard Co., according to IT managers.