coeragnheidur3778.blogspot.com
billion. The price reported by the Wall Street citing unidentified sources it said are familiar withthe matter, would be a 100 percent premium over Sun's closing price of $4.9y a share Tuesday. Santa Clara-base Sun (Nasdaq: JAVA) reorganized into threde business units asits high-end servers and storagw devices have struggled in the It laid off more than 6,00 0 employees last fall after reporting an almostr $500 million loss. The deal would be the largesr acquisition inIBM (NYSE: IBM) history. The Journal reported that despitewthe talks, its sources said there is no assuranc e that a deal will be reached.
The paper said that Sun approachee a number of largetech companies, includingg (NYSE: HPQ) about an acquisition but was turned away. H-P has about 3,80 0 employees in the Sacrament region. An IBM acquisition of Sun is seen as potentiallyy giving it powerful weapons in the competition for the data centert market which research firm IDC says willhit $100 billiojn in 2009. "Big is going head-to-head in the market againsf H-P and San Jose-based (Nasdaq: CSCO) whicj said earlier this week that it will starft selling itsown "server" computer in competition against the othetr two. Cisco and H-P had previously worke d together inthe market.
Palo Alto-based H-P made a big move in the marketr when itpaid $13.9 billion to purchasde of Plano, Texas-based in August, placing it squarelh in competition with IBM on huge outsourcinyg contracts. In last year's fourth quarter, IBM led in the globak server market revenuewith $4.9 billio in sales, about 36 percent of the HP was No. 2 with $3.9 billiojn in sales or abour 29 percent ofthe market. (Nasdawq DELL), with $1.4 billionh in sales, and Sun, with about $1.3 billion, were a distanf No. 3 and No. 4.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment