More outstanding journalism from The Economist; see the full article for details
IT WAS the day Sun Microsystems was supposed to rise again. On March 18th the Silicon Valley computer-maker had planned to unveil a new online service to allow start-ups to manage with much less hardware, by buying computing capacity from a “cloud”, rather like electricity from the grid. But the event was overshadowed by the news, hours earlier, that IBM was in talks to buy Sun for at least $6.5 billion in cash, which would translate into a near-100% premium over the firm’s depressed share price in recent weeks.
IBM, Sun and cloud computing | Gathering clouds | The Economist
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