IBM Moves 5,000 U.S. Jobs to India
"IBM ready to unveil Sun deal; Acquisition would boost server sales" by Bloomberg News | April 3, 2009
NEW YORK - International Business Machines Corp. is planning to announce its purchase of Sun Microsystems Inc. on Monday, a person familiar with the matter said.
IBM intends to pay between $9 and $10 a share for Sun, said the person, who declined to be named as the talks are still underway. At those prices, it would be the largest acquisition in IBM's history. The purchase would give IBM almost half of global server-computer sales and Sun's software portfolio, including the Solaris operating system. A deal could spark more consolidation in the industry, said Shaw Wu, an analyst at Kaufman Bros.
"It's almost like a chess game - what's your move," said San Francisco-based Wu, who doesn't own shares of IBM or Sun. An IBM spokesman declined to comment. A Sun spokesman didn't immediately return a call seeking comment....
Kicking around the globe, 'eh?
IBM chief executive Sam Palmisano, who took the helm in 2002, said last month he planned "to go on offense" during the recession and make acquisitions.
Isn't it nice to know some taxpayer looter has money when you are being foreclosed on and can't get a loan or job, America?
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