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Sun buys info. appliance firm
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July 31, 1997: 5:50 p.m. ET
Purchase of Diba intended to speed delivery of network computers
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NEW YORK (CNNfn) - Computer workstation maker Sun Microsystems Inc. Thursday said it was acquiring information appliance pioneer Diba Inc. Terms of the deal were not announced.
San Jose, Calif.-based Sun said the two companies will work together on efforts to accelerate the manufacture and delivery of Sun's JavaStation network computers.
Once the acquisition is complete, Diba will be known as Sun's consumer technologies group, operating in Sun's microelectronics division. The group will work with consumer electronics manufacturers on technology that will go into products such as Internet-enabled televisions, set-top boxes and smart phones.
"Information appliances represent an enormous opportunity for manufacturers who can deliver the right products at the right time," said Sun Chairman, Chief Executive and President Scott McNealy.
"By leveraging the Java software platform and Java-enabled microprocessors with Diba's experience in assembling technology components into complete solutions, Sun hopes to enable [original equipment manufacturers] to take advantage of the market's vast potential sooner rather than later."
Diba was formed in 1995 by Farid and Farzad Dibachi and currently employs 79 people at its Menlo Park, Calif. plant and headquarters.
Sun's microelectronics division will acquire all of Diba's technology, engineering, products and brands as well as all of Diba's employees. The Dibachis will both report to division President Chet Silvestri and will head up the consumer technologies group.
--Cyrus Afzali
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Sun Microsystems
Diba
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