Wednesday, March 18, 2009

IBM In Talks to Buy Sun Microsystems?

A merger possibility among two technology giants? Wow! It has kept the NASDAQ futures from slipping into negative territory with the other stock index futures. From Marketwatch:
Sun Microsystems Inc. saw its shares shoot up by more than 66% Wednesday following reports that it is in talks to be acquired by IBM Corp. for as much as $6.5 billion in a deal that would put hardware back at the core of Big Blue's operations and bolster its computer-server business, according to a published report.
Sun (+65.4%) climbed $3.31 a share to $8.27 after the Wall Street Journal reported that a deal with IBM could be reached this week, but that the talks are not certain to go through.
Here is a link to the full story.