A timely Cringely snapshot – read the full post
Schwartz and Sun have a pretty high opinion of themselves despite years of losses. So they walked away from IBM’s last offer. But don’t expect them to stay away for long. There simply isn’t another buyer for the whole thing and Sun doesn’t have the patience to cut itself into pieces.
And the real price IBM will be paying is at least $2 billion less than you read in the newspaper, because Sun – like a lot of tech companies – has profits stashed overseas that it has been unable to bring back.
IBM knows how to play that game, too.