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Sun Grabs SavaJe Assets

Sun Microsystems, SavaJe Technologies entered into an agreement pursuant to which Sun will acquire SavaJe's intellectual property assets

April 13, 2007

1 Min Read

SANTA CLARA, Calif. -- Sun Microsystems, Inc. (NASDAQ: SUNW) and SavaJe Technologies today announced that the two companies have entered into a definitive agreement pursuant to which Sun will acquire SavaJe's intellectual property assets. Additional information regarding the acquisition of these assets will be unveiled at the annual JavaOne Conference being held in San Francisco, May 8-11, 2007. For more information about the JavaOne conference, please visit http://java.sun.com/javaone.

The transaction is subject to customary closing conditions and is expected to be completed during the fourth quarter of Sun's 2007 fiscal year which began on April 2, 2007. The terms of the deal were not disclosed as the transaction is immaterial to Sun's earnings per share.

Sun Microsystems Inc.

SavaJe Technologies Inc.

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