IBM may buy Sun – International Business Machines is in talks to acquire Sun Microsystems?
- Wednesday, March 18, 2009, 10:48
- Web & Computing
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International Business Machines Corp. (IBM) is reportedly in talks to buy Sun Microsystems Inc. The purchase would give IBM access to loyal Sun customers. IBM will increase its share in the computer-server market.
There are reports that IBM may pay about $6.5 billion (Wall Street Journal) valuing Sun at almost twice its closing price last trading day. The shares of Sun have advanced in the stock market.
Sam Palmisano the IBM Chief Executive Officer (CEO) has acquisitions as strategy to build up the company during the recession. Buying Sun Microsystems would increase IBM’s share of global server sales to 43 percent, increasing the lead over Hewlett-Packard’s 30 percent.
About the Author
Siddartha has written 173 stories on this site.
Siddartha is a senior staff writer for TecNerd.com. Siddartha is India based consultant helping organization and people across the world adopt new technologies for day to day business use. Siddartha loves to read fiction and writes regularly as a guest writer on blogs and websites.
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