Earlier in this blog we had an entry announcing the acquisition, now for the details, Jonathan Schwartz's has a detailed post on his blog on the same.

Excerpts:

I've been hearing ringing endorsements from customers, industry analysts and sales folks - "Great acquisition!" "Superb company." "We love the company, our account team, and the opportunity to put it all together!" That's a great place to start. Some of the financial analysts have been more skeptical - and a few reporters want to know if we now believe magnetic tape is the future of the internet.

Why StorageTek?
1. Because the Financials are compelling.
2. Because when we compete, we win.
3. Because it expands our mutual opportunity.
4. Because Data is here to stay.
5. Because it broadens our channel opportunities.Prashanth RaiTag(s): Sun, Storage, Acquisition