Sun aquisitions flop

From ZDNet: “Sun Microsystems has acknowledged three flops in its acquisition strategy in the areas of
consumer gadgets, storage and software.

Sun reported in a regulatory filing that the acquisitions of Diba in 1997, Encore in 1997 and
NetDynamics in 1998 didn’t work out as hoped.

In all these cases, products that didn’t match initial expectations forced the Palo Alto, Calif.,
server maker to write off a total of $51 million of value, the company said in a filing with the
Securities and Exchange Commission.”