[Beowulf] Breaking: IBM pulls bid for Sun Microsoft+Yahoo redux

[Peter St. John]

Sun's stock price "tumbled" but it's still up 30% from a month ago. The
price nearly doubled, in anticipation of what IBM would pay; so that
collapsed when the deal did, but still left them ahead of where they had
been.
Peter

On 4/6/09, Joe Landman <landman at scalableinformatics.com> wrote:
>
> Huw Lynes wrote:
>
>> On Sun, 2009-04-05 at 19:41 -0400, Joe Landman wrote:
>>
>>> Not sure if you've seen this yet, but Sun appears to have rejected the
>>> IBM bid as being insufficient.  The claim is that they wanted out of the
>>> exclusivity bit, likely to try to get a better deal from someone else. So it
>>> seems IBM yanked the deal.
>>>
>>>
>> If true, I choose to interpret this as a very good thing. Assuming Sun
>> doesn't declare chapter 11 next week.
>>
>
> Don't think they will do Chapter 11 next week.  Though if they don't
> announce a new suitor today, I am guessing they will announce a new CEO this
> week.
>
> That and sidle back up to IBM, to beg them for another chance.
>
>
> --
> Joseph Landman, Ph.D
> Founder and CEO
> Scalable Informatics LLC,
> email: landman at scalableinformatics.com
> web  : http://www.scalableinformatics.com
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