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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (63088)	6/6/2005 6:45:18 AM
From: John Carragher	Read Replies (1) of 64865

MarketWatch Market Pulse: Sun Micro cut to sell at Rosetta Group on acquisition Monday June 6, 5:25 am ET By Aude Lagorce LONDON (MarketWatch) -- Rosetta Group Research cut Sun Microsystems, Inc. to sell from neutral, saying its decision to acquire Storage Technology Corp. is comparable to "a garbage truck jumping into a landfill." The broker told clients it believes that of all the things Sun could do with its cash, it chose to acquire a company that is hardly growing in a mature market that is completely passe. "With all the problems that Sun has with its strategy, at best this acquisition is a distraction and at worst it is a mud pit," Rosetta concluded.

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