Sun Chairman: M & A purely rival rumors rumors

5,000 face of global layoffs, and rumors of the acquisition were split, the world's fourth largest computer server maker Sun's Chairman Scott McNealy shows the tough side. Yesterday, the Sun co-founder told reporters in Beijing, said: "Sun is capable of defense mergers and acquisitions by other IT giants." But he refused to disclose the number of layoffs in China. In accordance with the proportion of the world's 15% layoffs, Sun Chinese companies need to cut 500 jobs.

Rumors that the company will be acquired by Sun News, angered McNealy. He stressed, Sun Company currently has 30 billion in cash reserves, and 20 years have been in profitable. McNealy to directed at competitors: "I can not stop IBM, Hewlett-Packard spread 'Sun will be acquired' such rumors, but smart investors should buy Sun's stock."

As the previous quarter due to share, Sun acquired MySQL one billion U.S. dollars in early accounts, resulting in substantial loss of 1.7 billion U.S. dollars, making the trade rumors "Sun as a continuous loss will be mergers and acquisitions" message. But last Friday, in order to meet the financial tsunami, Sun announced the company will lay off from 5000 to 6000 people worldwide, making Sun the company was increasingly rampant acquisition rumors.

McNealy said the financial crisis did to the Sun's revenue caused some impact, particularly in the field of telecommunications and financial impact on the Sun's more direct. Sun the next few quarters may not be the company's revenues have been greatly improved. "But to survive the financial crisis, banks and other financial institutions will still continue to buy high-end servers. The future Sun will be synonymous with high profits." McNealy stressed.







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