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Technology Stocks : All About Sun Microsystems

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To: Rusty Johnson who wrote (17144)	6/15/1999 10:38:00 PM
From: E_K_S	Read Replies (2) of 64865

To Thread - Anybody know about Ancor Comminications and what exactly they provide SUNW.... Sun Microsystems Inc (SUNW) SUN MICROSYSTEMS INC said late Monday it acquired a warrant in ANCOR COMMUNICATIONS which may be exercisable for up to 1.5 mln common shares, or 5.9% of Ancor. Sun acquired the warrant, dated June 2, for investment purposes, it said in a filing with the SEC. Under the warrant, each Ancor share becomes exercisable at the rate of one share for every $67 of net revenues billed by Ancor to Sun for the purchase or license of certain products by Sun from Ancor, the filing said. That is provided, however, that no shares shall vest until the amount of net revenues billed by Ancor to Sun equals or exceeds $10 mln, the filing said. (Reuters 06:28 PM ET 06/14/99) (http://www.infobeat.com/stories/cgi/story.cgi?id=2559935862-bd6) ---------------------------------------------------------------------- I like the idea that as we buy more of the companies products SUNW obtains a vested interest in Anchor Communications via their warrant agreement (up to 5.9% of the company). Another growing asset that adds to the book value and the market value of SUNW stock. EKS

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