The $4.1 billion on a tape-backup company is not such a good idea. I thought so, and now Merrill is letting its displeasure know loud and clear. “We’re neutral to slightly negative on the acquisition. Sun used $3.1 billion of its $7.5 billion in cash for a deal that doesn’t seem to accelerate revenue growth given that tape is a mature market. If Sun management called the HP/Compaq merger the collision of two garbage trucks, what is a Sun/Storage Tech combination?”
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