] Last week, talk of a leveraged buyout surfaced after ] Edward J. Zander, the former president of Sun, joined the ] Silicon Valley investment firm Silver Lake Partners. A ] few years ago, Silver Lake led a successful buyout of ] another technology company, Seagate, a disk-drive maker. ] ] Despite the recent run on the stock, a bid for Sun does ] not appear imminent. First, unfriendly takeovers of big ] technology companies are rare because the risk of ] disruption is too high in an industry where success ] depends on speed and innovation. For now, at least, a bid ] for Sun would have to be a hostile one because Scott G. ] McNealy, Sun's chairman and chief executive, and the Sun ] board remain committed to the current strategy for ] reviving the company's fortunes, Sun executives said. ] ] Sun, like most companies, has a policy of not commenting ] on takeover rumors. But one Sun executive, who insisted ] on not being identified, said, "Scott, the senior ] management and the board are signed up for the next few ] years to give it a real run with the plan we have." Before Sun Is Reborn, It Must Resist Being Bought |