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Technology Stocks : All About Sun Microsystems

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To: QwikSand who wrote (38550)	12/4/2000 6:46:30 PM
From: QwikSand	Read Replies (1) of 64865

S & P Comments on Acquisition --QS S&P COMMENTS ON SUN MICROSYSTEM (NASDAQ:SUNW) [Reuters, 118 words] (Press release provided by Standard & Poor's) Corporate Credit Rating: BBB+/Stable NEW YORK, Dec 4 - Sun Microsystems Inc. today announced that it will acquire HighGround Systems Inc. in a stock-for-stock transaction valued at about $400 million. The acquisition should enhance Sun Microsystems's position in the open systems storage network market. This transaction will not have any impact on Standard & Poor's rating or outlook on Sun Microsystems. Standard & Poor's rating has incorporated the assumption that Sun Microsystems will continue to make moderate-size acquisitions. Sun Microsystems is expected to maintain consistent profitability and a strong financial profile.

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