(FORTUNE Small Business) – Sun Microsystems bought NAUTICUS NETWORKS, a privately held Framingham, Mass., company that develops computer hardware for web-based applications, for an undisclosed price ... Russell Simmons sold one of his four businesses, PHAT FASHIONS, to Kellwood (seller of Izod and Sag Harbor clothing) for $140 million ... HONOLULU SURF CO. was bought out by Australian surf apparel company Billabong International for $20 million in stock. -- NINA SOVICH