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Technology Stocks : All About Sun Microsystems

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To: H. Wai who wrote (10162)	7/1/1998 10:16:00 PM
From: E_K_S	of 64865

More news on SUNW's purchase on Encore Computer Corp. and their storage products division....(Reuters 01:18 PM ET 07/01/98) Sun Microsystems Inc. (SUNW) Encore Computer Corp. said it would contest a decision by SUN MICROSYSTEMS INC to set off $10.1 million against the $35 million payment due Wednesday toward the purchase of Encore's storage products business. Encore said in a statement the set-off was based upon Sun's estimate of certain claims for indemnification under the asset purchase agreement between dated July 17, 1997. Encore said it was contesting substantially all of the set off amount and is in the process of analyzing each of the contested claims. Sun announced a year ago that it would buy the storage business assets from Encore for $185 million. ==================================================================== I wonder what this is all about? Could some of Encore's assets be over stated? It's nice to see that SUNW is reviewing all the terms and conditions and each dollar is accounted for accordingly. EKS

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