Sun Microsystems to buy SavaJe assets
SANTA CLARA, Calif. (AP) - Server and software maker Sun Microsystems, Inc. said Thursday it will buy the intellectual property assets of privately-held SavaJe Technologies, which makes an operating platform for wireless networks. Financial terms of the deal were not disclosed. Sun Microsystems said it expects the acquisition to close during the fourth quarter of its 2007 fiscal year, which began on April 2. Sun Microsystems shares closed unchanged at $5.90 on the Nasdaq Stock Market.
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