SYSTEMS
Sun Microsystems Acquires Afara Websystems, Inc.
SANTA CLARA, CA -- Sun Microsystems, Inc. (Nasdaq: SUNW) today announced that it has acquired Afara Websystems, Inc., a company that develops next-generation, SPARC®-based microprocessor technology focused on delivering breakthrough levels of processor performance. Under the terms of the agreement, Sun acquired all of the outstanding stock and assumed the outstanding options of Afara Websystems. Also as part of the agreement, Sun hired nearly all of Afara Websystems' employees. The financial impact of this transaction on Sun's earnings is expected to be immaterial. "Sun's acquisition of Afara Websystems is yet another example of the company's ongoing commitment to the UltraSPARC® development," said David Yen, executive vice president of Sun's Processor and Network Products group. "Afara brings to Sun a seasoned and talented team of SPARC chip designers, whose advancements in SPARC design will help accelerate Sun's development of future generations of UltraSPARC chips." For more information visit www.sun.com/processors.