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Sun to buy StorageTek for $4.1 billion

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Sun to buy StorageTek for $4.1 billion

Sun Microsystems took great steps to fortify its information lifecycle management (ILM) strategy today by agreeing to acquire Storage Technology for $4.1 billion in cash.

The move should plug any holes in Sun’s storage portfolio, improving the Santa Clara, Calif., company’s ability to manage information from the time it is created until it is ready to be destroyed. This is the hallmark of ILM.

Read the complete story. (internetnews.com)