Sun’s StorageTek surprise
- 09 June, 2005 22:00
SUN Microsystems’ US$4 billion acquisition of Storage Technology (StorageTek) has taken the local industry by surprise.
Neither Sun New Zealand country manager Peter Idoine, nor David Tse, his counterpart at StorageTek, were forewarned of the deal.
“It was certainly a closely guarded secret,” says Tse.
Tse says he has been inundated with calls from channel partners seeking clarification on the situation. “It’s business as usual at the moment. I’m not sure how the merger is going to work out but then it’s early days. I think it’s bloody exciting and believe it will bring huge benefits,” he says.
He says he’s been too busy to think about the consequences of the merger and the impact it may have on his position. “We’ve worked very closely with Sun and have a good relationship with the local people. Obviously StorageTek has a lot of expertise and, at present, there’s no overlap of knowledge.”
Idoine echoes Tse’s sentiments and even some of his words.
“It’s business as usual. Storage-Tek has been a strong partner for some time,” he says.
Joel Norton, regional director ANZ at StorageTek rival Falconstor, also says the news came as a complete surprise.
“What on earth does Sun want with StorageTek? Neither of them owns their own technology and both are on the back foot financially - there’s no rhyme or reason to it,” he says.
- See StorageTek’s purchase makes sense on page 4.