The world, the moon, and the stars

Busy week for Sun, what with Q2 results and that intriguing announcement about partnering with Intel and the other announcement about KKR putting money into Sun.

Jonathan Schwartz parses it all for us at his blog. Executive summary:

1. Freaking over the moon
2. The world just changed
3. One notch above stellar
and no, the KKR investment does not signal a buy-out.

Well that settles it then. KKR is making a small investment and there is no buy-out in the offing.

No matter what KKR says on its corporate Website:

[W]e have maintained a singular focus on the core of our franchise: investing substantial capital to acquire a controlling stake in an industry-leading business....

Posted by Mike Swaine at 04:19 PM  Permalink