Sun shares surge on 'joke' that firm will go private
Shares of Sun Microsystems shot up more than 10 percent Friday and then held some of the gains on speculation that management is looking to take the company private. CEO Scott McNealy told one organ that such rumors were much closer to fiction than truth.
In a gossip column, BusinessWeek cited a "hedge-fund manager close to McNealy" as saying that Sun was hoping to work with Silver Lake Partners to push Sun private with the aim of reemerging one day as a leaner, meaner public company. The rag cited an LBO (leveraged buyout) offer of $5 to $5.50 a share for Sun.
Read the complete story . (The Register)
Will Longhorn try to rival Google?
- Zafi-D tops Sophos' virus list - again
- Firefox passes 50 million download mark
- Deep Impact spacecraft gets photo of Comet
- Intel nixes 2.8 GHz P4, renames "Pentium 4 with EM64T support"
- Nanotechnology to improve quality, performance of thin displays
- Comcast profit surges on new digital services
- Apple sued over 'Tiger' name
- Apple releases new QuickTime player
- Apple files for "Jam Box" trademark
BSA, Intel Back Apple trade secret suit
- RIAA lawsuits top 10,000
- Acer expects to ship 10 million PCs in 2005
- Hackers aren't just picking on Microsoft: study
- Microsoft joins WiMedia
- Europe uniting against Schmidt's Google print project
- Via-based mini-ITX board packs I/O, supports LCDs, runs Linux
- Lenovo completes acquisition of IBM's PC business
- Q1 semiconductor sales surge 13 percent
- Eidos releases Tomb Raider: Legend trailer
Sponsored
See more
Latest news
Miscellaneous Previous news
Partners
