Reports Fiscal Q2 Earnings of $136M, or 3c a Share
by Java News Desk
(January 29, 2007) - On a roll after its détente with Intel, Sun Tuesday came in with respectable numbers for a change and announced that - for some illusive reason - Guernsey-based KKR Private Equity Investors LP had put $700 million in the company in the form of convertible notes. Sun, which has close to $3.5 billion at hand, said it would use the money for growth. Sun CEO Jonathan Schwartz described the investment as 'an opportunistic transaction.'
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