Bulletin: Sun Microsystems Inc. Ratings Not Affected By MySQL AB Acquisition Announcement - S&P Global Ratings’ Credit Research

Bulletin: Sun Microsystems Inc. Ratings Not Affected By MySQL AB Acquisition Announcement

Bulletin: Sun Microsystems Inc. Ratings Not Affected By MySQL AB Acquisition Announcement - S&P Global Ratings’ Credit Research
Bulletin: Sun Microsystems Inc. Ratings Not Affected By MySQL AB Acquisition Announcement
Published Jan 16, 2008
Published Jan 16, 2008
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Abstract:

NEW YORK (Standard&Poor's) Jan. 16, 2008--Standard&Poor's Ratings Services said today its ratings and outlook on Sun Microsystems Inc. (BB+/Stable/--) are not affected by the company's recent announcement that it has agreed to acquire MySQL AB for a total consideration of about $1 billion (consisting of $800 million in cash and $200 million in options). The acquisition supports Sun's strategic intent to expand its position in the open-source software market; MySQL is an open-source developer of database software. We expect Sun to maintain a moderately leveraged financial profile and strong liquidity. As of Sept. 30, 2007, leverage was less than 2x and cash and investments totaled $5.2 billion.

  
Report Type:

Bulletin

Ticker
SUNW
Issuer
GICS
Computer Hardware (45202010)
Sector
Collateralized Debt Obligations, Commercial MBS, Corporations, Global Issuers, High Technology, Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Sun Microsystems Inc. Ratings Not Affected By MySQL AB Acquisition Announcement" Jan 16, 2008. Alacra Store. May 10, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Sun-Microsystems-Inc-Ratings-Not-Affected-By-MySQL-AB-Acquisition-Announcement-626063>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Sun Microsystems Inc. Ratings Not Affected By MySQL AB Acquisition Announcement Jan 16, 2008. New York, NY: Alacra Store. Retrieved May 10, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Sun-Microsystems-Inc-Ratings-Not-Affected-By-MySQL-AB-Acquisition-Announcement-626063>
  
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