Sun Microsystems Buys StorageTek for $4.1 Billion

After pulling an all-nighter working through last Wednesday night and into the wee hours of Thursday morning, executives at Sun Microsystems and StorageTek abruptly announced before Wall Street opened for business that Sun would acquire StorageTek for $4.1 billion, capping a long line of storage-related acquisitions for Sun as it tries again to be a key player in the storage business. The deal brings to rest all of the chatter about what Sun might do with the billions of dollars it has in the bank.