News

Sun Acquires Cobalt Networks

Sun Microsystems Inc. and Cobalt Networks Inc. announced that they have entered into an agreement in which Sun will acquire Cobalt in a stock-for-stock merger. Cobalt is a supplier of server appliance products. The acquisition accelerates Sun’s entry into the growing server appliance market and bolsters its long-standing focus on network computing.

Under the terms of the merger agreement, each share of Cobalt (www.cobalt.com) common stock will be converted into 0.5 Sun (www.sun.com), resulting in an aggregate purchase price of approximately $2.0 billion. The acquisition will be accounted for as a purchase, and is expected to be completed during Sun’s second quarter of fiscal 2000, which ends December 31, 2000. – Isaac Slepner

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Microsoft Offers More Help on Windows Server 2008 Upgrades

    Microsoft this week published additional help resources for organizations stuck on Windows Server 2008, which fell out of support on Jan. 14.

  • Microsoft Ups Its Carbon Reduction Goals

    Microsoft on Thursday announced a corporatewide carbon reduction effort that aims to make the company "carbon negative" by 2030.

  • How To Dynamically Lock Down an Unattended Windows 10 PC

    One of the biggest security risks in any organization happens when a user walks away from their PC without logging out. Microsoft has the solution (and it's not a password-protected screensaver).

  • First Stable Chromium-Based Microsoft Edge Browser Released

    Microsoft on Wednesday announced the first release of its Chromium-based Microsoft Edge browser at the "stable" commercial-release stage.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.