ASE Labs
Welcome Guest. Please register or log in now. There are 73 people online (0 Friends).
  • Home
  • Articles
  • News
  • Forum
  • Register/Login

Sun Rejects IBM Takeover, Shares Tank

Poster: Aron Schatz
Posted on April 6, 2009 at 9:51:19 AM
Sun is really heading to the bottom of the bin. Just one day after rejecting IBM's buyout offer, the stock is trading near $5. Sun was at $250 not too long ago. Unlike Yahoo, though, Sun has been losing money every quarter. Really, Sun needs to do something.

Quote

Potential backlash from failed Sun-IBM negotiations could include a distraction by Sun's management and board in justifying their decision to reject an offer with a high premium, rather than focus on their struggling business, Sacconaghi noted.

The IBM-Sun buyout talks durig the last two week of March, the end of Sun's quarter, could make its fiscal third quarter challenging, given that up to 40 percent of Sun's revenue is generated in the last two weeks of a quarter, Sacconaghi stated in his report, noting customers are likely to have lingering concerns about Sun's future.


It is also not known if the deal would have been allowed to go through. IBM+Sun would be a monopoly in a few markets. Not that it seems to matter in this country...
 
Print This Entry
Tags Sun Company IBM
Related Articles
  • Nokia Dumps Qt
  • Intel Completes Eating McAfee
  • Blockbuster Selling Itself
  • Intel Continues Shipping Sandy Bridge Chipsets With Flaw
  • Facebook Starting To Use Your Content In Ads
Comments
FroogleDoop Wed Apr 8, 2009 10:14:13 PM #86515
I still think Sun should wait it out and try to just take over IBM. Smile
Takoyaki Thu Apr 9, 2009 2:47:04 PM #86565
Hahahahaha!
IBM=OWNED!
How hilarious and humiliating!
Page: [1]
Login
Welcome Guest. Please register or log in now.
Forgot your password?
Navigation
  • Home
  • Articles
  • News
  • Register/Login
  • Shopping
  • ASE Forums
  • Anime Threads
  • HardwareLogic
  • ASE Adnet
Latest News
  • Kingston HyperX Cloud 2 Pro Gaming Headset Unboxing
  • Synology DS415+ Unboxing
  • D-Link DCS-5020L Wireless IP Pan/Tilt IP Camera
  • Actiontec WiFi Powerline Network Extender Kit Unboxing
  • Durovis Dive Unboxing
  • Bass Egg Verb Unboxing
  • Welcome to the new server
  • Gmail Gets Optional Preview Pane
  • HBO Go on Consoles
  • HP Touchpad Update
Latest Articles
  • HyperX Cloud Alpha Pro Gaming Headset
  • Linksys Wemo Smart Home Suite
  • Fully Jarvis Adjustable Standing Desk
  • HyperX Alloy Elite Mechanical Gaming Keyboard
  • HyperX Pulsefire FPS Gaming Mouse
  • WORX SD SemiAutomatic Driver
  • Cherry MX Board 3.0 (Red)
  • TP-Link Smart Home Suite
  • FLIR One (Second Gen)
  • D-Link DCS-2530L Full HD 180 Degree WiFi Camera
Latest Topics
  • Welcome to the new server at ASE Labs
  • Antec Six Hundred v2 Gaming Case at HardwareLogic
  • Cooler Master Storm Enforcer Mid-Tower Gaming Case at HardwareLogic
  • Evercool Royal NP-901 Notebook Cooler at ASE Labs
  • Crucial Ballistix Smart Tracer 6GB PC3-12800 BL3KIT25664ST1608OB at HardwareLogic
  • Arctic Cooling Arctic Sound S111 at ASE Labs
  • Veebeam HD at ASE Labs
  • AirLink101 SkyIPCam777W at ASE Labs
  • Kingston SDX10V/128GB SDXC Memory at ASE Labs
  • Lift Audio Icon Series 6mm Premium Earphones at ASE Labs
  • Thermaltake Mobile Fan 12 at ASE Labs
  • Thermaltake Massive23 LX Notebook Cooler at ASE Labs
  • Cooler Master Storm SF-19 Strike Force Notebook Cooler at ASE Labs
  • Evercool Zodiac II Notebook Cooler at ASE Labs
  • HyperX Cloud Alpha Pro Gaming Headset at ASE Labs
  • Arctic M571-L Gaming Laser Mouse at ASE Labs
Press Release
  • MLB Home Run Derby VR Now Available
  • =?UTF-8?Q?VTech=C2=AE_and_LeapFrog=C2=AE_Display_Exciting?= =?UTF-8?Q?_New_Products_at_TTPM_Spring_Showcase?=
  • Rookout Launches Rapid Production Debugging Solution With $4.2m Funding
  • Perfect Cooler for a Memorable Summer: New OtterBox Venture Americana
  • CTL Adds the Google Jamboard to Line of Chrome Solutions
  • OPPO Announces Upgraded A83 2018 for Smart Selfies and Sharp Performance
  • Microsemi Expands Switchtec Family of PCIe Switches to Support Extended Industrial Temperature Range
  • Innodisk with IoT-Ready SODIMM and Across-the-Board Anti-Sulfuration Capabilities in Big DRAM Push
  • Innodisk with IoT-Ready SODIMM and Across-the-Board Anti-Sulfuration Capabilities in Big DRAM Push
  • Crypto Collectible 'Ether Online' Partners with WAX and OPSkins Marketplace
Home - ASE Publishing - About Us
© 2010 Aron Schatz (ASE Publishing) [Queries: 20 (8 Cached)] [Rows: 318 Fetched: 61] [Page Generation time: 0.94866490364075]