The Register rounds up some even more negative commentary on the deal:

"If Sun management called the HP/Compaq merger the collision of two garbage trucks, what is a Sun/Storage Tech combination?" Merrill Lynch's star analyst Steve Milunovich asked himself in a research note published today. "We're neutral to slightly negative on the acquisition. Sun used $3.1 billion of its $7.5 billion in cash for a deal that doesn't seem to accelerate revenue growth given that tape is a mature market."

The Register is willing to cut Sun some slack over this deal, but it looks puzzling to me