Sun Microsystems Acquires Cobalt Networks
TweetFollow Us on Twitter

Sun Microsystems Acquires Cobalt Networks

Sun Microsystems Acquires Cobalt Networks

Extends Sun's Network Computing Leadership to Server Appliances

PALO ALTO, Calif., Sept. 19 /PRNewswire/ -- Sun Microsystems, Inc. (Nasdaq:
SUNW - news) and Cobalt Networks, Inc. (Nasdaq: COBT - news) today
announced that they have entered into an agreement pursuant to which Sun
will acquire Cobalt in a stock-for-stock merger. Cobalt is a leading
supplier of server appliance products -- easy to use and cost effective
devices that function as engines for the delivery of network based
services. This acquisition accelerates Sun's entry into the growing server
appliance marketplace and bolsters its long-standing focus on network
computing. Sun is already a leading provider of low-end, mid-range and
large-scale servers to the enterprise and service provider marketplaces;
Cobalt's products will add a server appliance offering to that portfolio
and expand Sun's offerings for service providers.

Under the terms of the merger agreement, each share of Cobalt common stock
will be converted into 0.5 Sun shares resulting in an aggregate purchase
price of approximately $2.0 billion. This acquisition will be accounted for
as a purchase and is expected to be completed during Sun's second quarter
of fiscal 2001, which ends December 31, 2000. The closing of the
acquisition is subject to governmental approvals, Cobalt shareholder
approval and customary closing conditions. Sun estimates that the
transaction will be accretive to earnings before interest, taxes,
depreciation and amortization, gains on the sale of equity investments and
in-process research and development charges (operating EBITDA) for the
second half of this fiscal year. Following completion of the merger, Cobalt
will become the server appliance business unit of Sun's Network Service
Provider organization, reporting to Sun Executive Vice President John
McFarlane.

``Today we're acquiring Cobalt to establish ourselves in low-end server
appliances and immediately jump into the marketplace with a proven, world
class product offering. This move is similar to our entry into the high-end
server arena, which we did through our acquisition of Starfire server
technology from Cray. Just as that product line has become one of our most
successful product lines to date, we think the demand for these
high-volume, turnkey devices will explode in the next couple of years.
Cobalt is our bet for the future,'' said Ed Zander, President and Chief
Operating Officer, Sun Microsystems, Inc.

``Joining with Sun is a bold strategic move for Cobalt. Sun's 10,000 person
salesforce, strong service organization, and world-class customer base is
extraordinarily powerful leverage for our business, and should enable us to
dramatically increase our sales of server appliances,'' said Stephen
DeWitt, President and Chief Executive Officer, Cobalt Networks, Inc.
``Cobalt's world-class products are a perfect complement to Sun's
industry-leading server offerings. Our customers will benefit through
access to the full range of Sun's engineering, sales, marketing and service
resources.'' The above news release contains forward looking statements
that involve risks and uncertainties. These forward looking statements
include statements regarding the proposed effect of the acquisition on
Sun's earnings, Sun's ability to accelerate expansion into the server
appliance arena, Sun's expectation regarding the success of Cobalt's
products in Sun's product lines, expectations regarding the growth of the
server appliance arena and expectations regarding demand for server
appliances. Actual results may vary materially from the results discussed
in the forward-looking statements. Factors that may cause such a difference
include those risks surrounding the closing of the acquisition, the
successful integration of Cobalt into Sun's business subsequent to the
closing of the acquisition, timely development, production and acceptance
of the products and services contemplated by the proposed acquisition, each
company's ability to compete in the highly competitive and rapidly changing
marketplace and the other risks detailed from time to time in each
company's periodic reports filed with the Securities and Exchange
Commission, including, but not limited to, Sun's report on Form 10-K for
the fiscal year ended June 30, 1999, Sun's reports on Form 10-Q for its
fiscal quarters ending September 26, 1999, December 26, 1999, and March 26,
2000.

About Cobalt Networks, Inc.

Cobalt Networks, Inc. is a developer of server appliances that enable
organizations to establish an online presence easily, cost effectively and
reliably. Cobalt's product lines -- Cobalt Qube, Cobalt Cache, Cobalt RaQ
and Cobalt NASRaQ -- are used as Internet and Web hosting server appliances
at businesses, Service Providers and educational institutions. Cobalt's
solutions are delivered through a global network of distributors,
value-added resellers and ISPs. Founded in 1996, Cobalt is headquartered in
Mountain View, California.

About Sun Microsystems, Inc.

Since its inception in 1982, a singular vision -- The Network Is The
Computer -- has propelled Sun Microsystems, Inc., to its position as a
leading provider of industrial-strength hardware, software and services
that power the Internet and allow companies worldwide to dot-com their
businesses. With $15.7 billion in annual revenues, Sun can be found in more
than 170 countries and on the World Wide Web at http://sun.com.

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

VirtualBox 5.2.0 - x86 virtualization so...
VirtualBox is a family of powerful x86 virtualization products for enterprise as well as home use. Not only is VirtualBox an extremely feature rich, high performance product for enterprise customers... Read more
Dropbox 37.4.29 - Cloud backup and synch...
Dropbox is an application that creates a special Finder folder that automatically syncs online and between your computers. It allows you to both backup files and keep them up-to-date between systems... Read more
Google Chrome 62.0.3202.62 - Modern and...
Google Chrome is a Web browser by Google, created to be a modern platform for Web pages and applications. It utilizes very fast loading of Web pages and has a V8 engine, which is a custom built... Read more
Chromium 62.0.3202.62 - Fast and stable...
Chromium is an open-source browser project that aims to build a safer, faster, and more stable way for all Internet users to experience the web. Version 62.0.3202.62: High CVE-2017-5124: UXSS with... Read more
Fantastical 2.4.3 - Create calendar even...
Fantastical 2 is the Mac calendar you'll actually enjoy using. Creating an event with Fantastical is quick, easy, and fun: Open Fantastical with a single click or keystroke Type in your event... Read more
Things 3.2.1 - Elegant personal task man...
Things is a task management solution that helps to organize your tasks in an elegant and intuitive way. Things combines powerful features with simplicity through the use of tags and its intelligent... Read more
A Better Finder Attributes 6.06 - Change...
A Better Finder Attributes is the ultimate file-tweaking tool for OS X. It combines photo-shooting date and file date changing along with a few unique tricks of its own. Change EXIF Timestamps at... Read more
MacCleanse 6.0.5 - $29.95
MacCleanse is the product of thousands of hours of intense research and development. It meticulously scans all of the nooks and crannies of a computer for unnecessary junk that can take up huge... Read more
Smultron 10.0.2 - Easy-to-use, powerful...
Smultron 10 is an elegant and powerful text editor that is easy to use. You can use Smultron 10 to create or edit any text document. Everything from a web page, a note or a script to any single piece... Read more
Capto 1.2.5 - $29.99
Capto (was Voila) is an easy-to-use app that takes capturing, recording, video and image editing to the next level. With an intelligent file manager and quick sharing options, Capto is perfect for... Read more

Time Recoil (Games)
Time Recoil 1.0.1 Device: iOS Universal Category: Games Price: $3.99, Version: 1.0.1 (iTunes) Description: Time Recoil is a top-down shooter where you kill to slow time, dominate slow motion gunfights, and trigger devastating special... | Read more »
Campfire Cooking (Games)
Campfire Cooking 1.0 Device: iOS Universal Category: Games Price: $3.99, Version: 1.0 (iTunes) Description: | Read more »
Returner 77 (Games)
Returner 77 1.0 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0 (iTunes) Description: Returner 77 is a cinematic space mystery puzzle game. You are in a giant alien spaceship hovering above Earth, after everything... | Read more »
Dune! guide - how to toe the line and ge...
Publisher Voodoo is at it again with an all new high score chaser -- Dune! In this fast-paced arcade game, you have to propel yourself along sand dunes, gaining enough momentum to jump above the line to score points, while making sure you have... | Read more »
The best deals on the App Store this wee...
Happy Tuesday, dear readers. Your favorite part of the week as officially arrived. It's time to take a look at the best deals in games. Things are admittedly a bit sparse, but there are a few diamonds in the rough to see you through if you're... | Read more »
Be the last person standing in Legacy of...
Yoozoo Games’ popular action MMO Legacy of Discord is getting a huge new update to celebrate its first anniversary. Perhaps the biggest change is the addition of an exciting survival mode titled Last Guardian. This new survival mode will pit you... | Read more »
Home Street guide - how to make friends...
From the creators of Food Street comes Home Street, a new simulation game that tasks you with building a social network and designing a beautiful home. It's a bit like The Sims, but you won't have to worry about the daily chores involved (feeding,... | Read more »
Color Ballz guide - how to bounce to the...
Color Ballz is an addictive new arcade title from Ketchapp Studios. It takes old school mechanics from games like Brickles and puts a fun twist on it. Your job? To catch balls with a paddle and send them back into a chute to be carried back to... | Read more »
Q&A: A-33 Studio explains why Combat...
When it comes to mobile FPS, it’s often tricky to get the fundamentals right on a platform lacking a physical controller, large display and hefty RAM. With Combat Squad: Project Wednesday, A-33 Studio bravely took on the challenge of making a... | Read more »
Taichi Panda 3: Dragon Hunter guide - ti...
Taichi Panda 3: Dragon Hunter launched this week to players all over the world. It's a beautiful mobile MMORPG that blends elements of Eastern and Western fantasy. It reminds us of a mix between World of Warcraft and Jade Empire. MMO's can have a... | Read more »

Price Scanner via MacPrices.net

13″ MacBook Pros on sale for up to $120 off M...
B&H Photo has 2017 13″ MacBook Pros in stock today and on sale for up to $120 off MSRP, each including free shipping plus NY & NJ sales tax only: – 13-inch 2.3GHz/128GB Space Gray MacBook... Read more
15″ MacBook Pros on sale for up to $200 off M...
B&H Photo has 15″ MacBook Pros on sale for up to $200 off MSRP. Shipping is free, and B&H charges sales tax in NY & NJ only: – 15″ 2.8GHz MacBook Pro Space Gray (MPTR2LL/A): $2249, $150... Read more
Roundup of Apple Certified Refurbished iMacs,...
Apple has a full line of Certified Refurbished 2017 21″ and 27″ iMacs available starting at $1019 and ranging up to $350 off original MSRP. Apple’s one-year warranty is standard, and shipping is free... Read more
Sale! 27″ 3.8GHz 5K iMac for $2098, save $201...
Amazon has the 27″ 3.8GHz 5K iMac (MNED2LL/A) on sale today for $2098 including free shipping. Their price is $201 off MSRP, and it’s the lowest price available for this model (Apple’s $1949... Read more
Sale! 10″ Apple WiFi iPad Pros for up to $100...
B&H Photo has 10.5″ WiFi iPad Pros in stock today and on sale for $50-$100 off MSRP. Each iPad includes free shipping, and B&H charges sales tax in NY & NJ only: – 10.5″ 64GB iPad Pro: $... Read more
Apple iMacs on sale for up to $130 off MSRP w...
B&H Photo has 21-inch and 27-inch iMacs in stock and on sale for up to $130 off MSRP including free shipping. B&H charges sales tax in NY & NJ only: – 27″ 3.8GHz iMac (MNED2LL/A): $2179 $... Read more
2017 3.5GHz 6-Core Mac Pro on sale for $2799,...
B&H Photo has the 2017 3.5GHz 6-Core Mac Pro (MD878LL/A) on sale today for $2799 including free shipping plus NY & NJ sales tax only . Their price is $200 off MSRP. Read more
12″ 1.2GHz Space Gray MacBook on sale for $11...
Amazon has the 2017 12″ 1.2GHz Space Gray Retina MacBook on sale for $100 off MSRP. Shipping is free: 12″ 1.2GHz Space Gray MacBook: $1199.99 $100 off MSRP Read more
Bare Bones Software Releases macOS High Sierr...
Bare Bones Software has announced the release and immediate availability of BBEdit 12.0, a significant upgrade to its professional strength text and code editor. BBEdit 12 introduces a new foundation... Read more
Yale Announces Availability of Apple HomeKit-...
Yale Locks & Hardware has announced that Apple HomeKit support for its Assure Lock family is available this month. The new Yale iM1 Network Module, which provides support for the Apple Home app... Read more

Jobs Board

*Apple* News Product Marketing Mgr., Publish...
Job Summary The Apple News Product Marketing Manager will work closely with a cross-functional group to assist in defining and marketing new features and services. Read more
Fraud Analyst, *Apple* Advertising Platform...
Job Summary Apple Ad Platforms has an opportunity to redefine advertising on mobile devices. Apple reaches hundreds of millions of iPhone, iPod touch, and iPad Read more
*Apple* Information Security - Security Data...
Job Summary This role is responsible for helping to strengthen Apple 's information security posture through the identification and curation of security event data. Read more
Lead *Apple* Solution Consultant - Apple In...
…develop a team of diverse partner employees focusing on excellence to deliver the Apple story. Even when you're not present, you will maintain a consistent influence Read more
watchOS Frameworks Engineering Manager, *App...
Job Summary Join the team that is shaping the future of software development for Apple Watch! Apple is looking for an exceptional software engineering leader to Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.