AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Sun Buyout Plan Seen As Unlikely, But Idea Does Have Its Proponents; Deal Has 'Huge Advantages'; Sun denies news reports that it's talking to a hedge fund about going private.(INTERNET & TECHNOLOGY)
Byline: KEN SPENCER BROWN
Sun Microsystems is denying reports that it's in talks with an investment firm about going private. But some analysts say the drastic move might make sense for the ailing server maker.
The hypothetical deal -- outlined in a BusinessWeek online column late Thursday -- could free executives to pay less attention to quarter-to-quarter profit and invest in longer-term growth.
As a private company, "it could conduct its business in any way it sees fit," said Mark Stahlman, an analyst with investment bank Caris & Co.
Sun's stock jumped more than 10% to 3.98 in early trading Friday. But it settled down amid Sun's denials and closed at 3.62.
According to the report, which cited an unnamed hedge fund manager, Sun is seeking help from Silver Lake Partners to buy all of Sun's outstanding shares at $5 to $5.50.
Getting out of the public market would, in theory, give it time to fix up the business and go public again sometime later. Silver Lake has helped disk drive maker Seagate Technology and storage gear maker SunGard Data Systems with similar moves.
- Sun goes down on Azimuth shipping hedge fund.
- News wire article from: Europe Intelligence Wire February 10, 2006 700+ words
(From Lloyds List) A SHIPPING hedge fund run by Azimuth Marine Management has been wound up, writes...reported $50m to invest. The newest entrant, Clarksons Shipping Hedge Fund, is 'developing nicely and is very close to launch', according...
- Duke University Students Want Environmental Details from Farallon Hedge Fund.
- Newspaper article from: Knight Ridder/Tribune Business News March 4, 2004 700+ words
...Lewis, The Herald-Sun, Durham, N.C...fourth-largest hedge fund, to disclose more...s Web site, the hedge fund embarked on a venture...Duke invests in the hedge fund but said the university...more of The Herald-Sun, or to subscribe...
- Florida hedge fund closes after SEC agents visit.
- Newspaper article from: South Florida Sun-Sentinel (Fort Lauderdale, Florida) (via Knight-Ridder/Tribune Business News) March 3, 2005 700+ words
...investors. Clients of hedge fund KL Financial Group began...2002 SEC report on the hedge fund industry, an estimated...The same study predicted hedge fund assets to exceed $1 trillion...more of the South Florida Sun-Sentinel -- including...
- Hedge Fund Woos Portfolio Manager from Baltimore-Based Legg Mason.
- Newspaper article from: Knight Ridder/Tribune Business News January 15, 2004 700+ words
...Ambrose, The Baltimore Sun Knight Ridder/Tribune...managers to a Florida hedge fund, the Baltimore investment...an office for the hedge fund in the Baltimore...s not surprised a hedge fund would pursue Rapuano...of The Baltimore Sun, or to subscribe...
- Hedge fund guru preaches diversity.
- News wire article from: Asia Africa Intelligence Wire March 17, 2003 700+ words
...Intelligence - The Herald-Sun) Byline: Paul Syvret The key to hedge fund success is looking for things...managing director Dana Hall says hedge fund managers seek out volatility...out of the mainstream. The hedge fund sector has performed remarkably...
- Analysts pushing for hedge-fund education.
- Newspaper article from: South China Morning Post May 26, 2002 700+ words
...director Nicholas Chalmers said. Sun Hung Kai Financial Management...performance fees," Ms Murphy said. Hedge-fund fees are generally higher than...historical performance of the hedge-fund index over the past decade...it is expected that most hedge-fund managers and ...
- Not a Hedge Fund, Not a Mutual Fund, But . . . .
- Press release article from: PR Newswire May 8, 2007 700+ words
...their portfolio. Market Neutral Hedge Fund and Hedge Fund Index investors will be attracted...curtain here, it's all in the sun light every day," commented Scott...abroad, as well as managing his own hedge fund. Scalar Funds Management, LLC...
- View from the board: hedge fund survival.
- Magazine article from: Accountancy Age April 13, 2006 700+ words
...sell. However, where hedge fund players differ from typical...the receiving end of the hedge fund approach, how can you...long term view, than a hedge fund who wants an instant return...general and strategist Sun-tzu said, 'Keep your...
- British Hedge Fund Managers Report Large Increases in Salary.
- News wire article from: Evening Standard (London) August 23, 2001 700+ words
...certainly enjoying their day in the sun. Two factors are at work...to GLG, the Curzon Street hedge fund boutique set up by deserters...fees are from that?" Some hedge fund stars have made as much as...The risks -- especially in hedge fund management -- are greater...
- Firm's critic builds stake: Hedge fund opposing Laureate buyout now largest...
- News wire article from: Baltimore Sun (Baltimore, MD) April 14, 2007 700+ words
...Apr. 14--A New York hedge fund that opposes the management...comment yesterday. The hedge fund is one of three shareholders...Citigroup Private Equity, hedge fund S.A.C. Capital Management...2007, The Baltimore Sun Distributed by McClatchy...
