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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: JC Jaros who wrote (18019)	7/21/1999 7:18:00 PM
From: aha	Respond to of 64865

>$1 billion would be a rather large acquisition for SUNW. >Didn't SUNW do something similar (bond) 6 mos ago, or >so? They're building up a war chest for *something, it >would appear. Maybe they're just buying a couple of >Silicon Valley parking lots. <g> I don't believe Sun has ever had any bond offerings. Sometime back they did a ''shelf'' registration for $4 billion. That's kind of a warning of what they might do. It looks like they have decided to exercise 25% of that registration. I don't necessarily believe an acquisition is right around the corner. They may be doing this on anticipation of acquiring somebody 6-9 months from now and are worried interest rates will be higher then. OTOH they may announce their target company at the conference call tomorrow. Only they know.