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Technology Stocks : All About Sun Microsystems

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To: upanddown who wrote (62931)	4/28/2005 6:12:30 PM
From: sixty2nds	Read Replies (3) of 64865

17:20 SUNW Sun Microsystems: BWeek states McNealy may take co private (3.44 -0.10) According to BWeek, Sun Microsystems (SUNW) CEO Scott McNealy is considering taking Sun private with the help of Silver Lake Partners, says a hedge-fund manager close to McNealy and the private equity fund. Silver Lake has done LBOs for Seagate Technology and SunGard Data Systems. This manager sees an LBO offer of $5 to $5.50 a share. Sun's cash stash of $7.5 bln, or $2.50 a share, makes an LBO doable, he says. The idea is to shrink Sun by selling assets, bolster its core hardware, software, and service businesses, and go public again. Spokespersons for both Sun and Silver Lake declined comment. (Briefing.com note: SUNW's mkt cap is $11.62 bln.)

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