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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (64777)	3/28/2009 7:38:08 PM
From: Sr K	Respond to of 64865

That's what retention bonuses are really for. IBM has made more than 20 acquisitions since Palmisano became CEO, so yhey'll figure it out before they make an offer.

To: Charles Tutt who wrote (64777)	3/28/2009 11:35:45 PM
From: Elroy	Respond to of 64865

I expect Sun folks to bolt, leaving IBM with little for their money. Sun hasn't grown revenue since 2000. There have been opportunities to take 'early retirement' packages every other year since 2000. How many Sun employees who have the ability to "bolt" remain at the company? At Sun you've got a collection of hangers on who have been sitting in a dying company for almost a decade. I don't think many of them have other opportunities awaiting them, especially in the current employment environment. IBM will get ~$10 billion in annual revenues and cut costs (Sun staff) to make that revenue profitable. It's sort of like the HWP-CPQ acquisition of 10 years ago.

To: Charles Tutt who wrote (64777)	3/29/2009 3:42:58 AM
From: QwikSand	Respond to of 64865

Yes, conventional wisdom has it that IBM is buying nothing but a loyal customer base. It remains to be seen how loyal they'll remain if an acquisiition happens. Have to admit, the market seems to be predicting it's going to happen. Otherwise it would have gone back down to $3. --QS

To: Charles Tutt who wrote (64777)	4/2/2009 2:34:21 PM
From: Mark O. Halverson	Read Replies (1) \| Respond to of 64865

WSJ article IBM Lowers Takeover Bid for Sun Article By MATTHEW KARNITSCHNIG and HEIDI N. MOORE International Business Machines Corp. has cut its intended takeover price for Sun Microsystems Inc. to between $9 and $10 a share, according to people familiar with the matter. Sun has agreed to accept a lower price in return for stronger commitments from IBM that it will complete the deal even if it faces intense regulatory scrutiny, the people added. The two sides continue to negotiate the precise terms of those assurances, however, and it remains unclear when the two sides will reach a deal, the people said. The companies were previously discussing a price in the $10- to $11-a-share range. Sun is concerned regulators could hold up a deal for months and impose conditions on its completion as part of the government's antitrust review. Should that occur, Sun's board wants to limit IBM's ability to exit the deal. Sun shares were trading at $8.15, up 15 cents, in afternoon trading on the Nasdaq Stock Market. The company currently has a market value of about $6 billion. Sun is concerned regulators could hold up a deal for months and impose conditions on its completion as part of the government's antitrust review. Should that occur, Sun's board wants to limit IBM's ability to exit the deal. Legal experts said any deal stands to face close antitrust scrutiny, especially in the market for server computers sold to big corporations and governments around the world. After a deal, the combined companies would account for 42% of total server market revenue--65% of the market for servers based on the Unix operating system. The companies will also account for nearly half of all revenue from tape-storage systems. A Sun spokeswoman declined to comment. A request for comment from IBM wasn't immediately returned.