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Tech Industry

Short Take: Sun acquires Encore Computing

Sun Microsystems has announced it has acquired all of Encore Computer, a data storage and retrieval company, for $185 million. The acquisition comes one day after Sun reported record annual earnings. During the conference call with analysts yesterday, Sun executives said the company would be making opportunistic acquisitions throughout the year and may seek additional funding over the next 12 months.

Sun Microsystems has announced it has acquired all of Encore Computer, a data storage and retrieval company, for $185 million. The acquisition comes one day after Sun reported record annual earnings. During the conference call with analysts yesterday, Sun executives said the company would be making opportunistic acquisitions throughout the year and may seek additional funding over the next 12 months.