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Sun Comes Up on Belgian Acquisition

Stock quotes in this article: JAVA , HPQ , IBM , VMW , GOOG , MSFT  

Updated from 12:49 p.m.

Sun Microsystems (JAVA Quote) has snapped up Belgian software specialist Q-layer, as the troubled tech firm prepares to immerse itself in cloud technology.

Cloud services, which offer computer power and storage via the Internet, are expected to be one of the 2009's top technologies as users struggle with shrinking tech budgets.

Sun, which faces stiff competition from Hewlett-Packard (HPQ Quote) and IBM (IBM Quote), is also struggling with falling sales and an increasingly tough economic climate, resulting in a recent slew of job cuts. ...

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