Wednesday, March 18, 2009

Sun Microsystems Surges on Report of Takeover Talks With IBM - Bloomberg.com

JAVA is up ~66% at the moment – clearly some investors think Sun will soon set in acquisition.  I doubt this deal will close without a battle, especially considering that the winner will control Java, which is strategic to IBM and other key vendors – especially Oracle.

Sun Microsystems Inc. surged as much as 66 percent in early trading after the Wall Street Journal said International Business Machines Corp. may buy the computer-server maker for at least $6.5 billion.

[…]

The acquisition of Sun, which would be the biggest in IBM’s history, would help the company widen its lead over Hewlett- Packard Co. in the $53.1 billion market for servers, which run networks and Web sites. IBM Chief Executive Officer Sam Palmisano said last week that he plans to “go on offense” amid the economic slump, acquiring and investing in research.

Sun Microsystems Surges on Report of Takeover Talks With IBM - Bloomberg.com

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