Blue Sunrise
I openly speculated last January about who might buy Sun Microsystems since investors were trading shares for Sun’s cash value and little more. This morning Internet cables were buzzing over IBM’s alleged discussions to buy Sun for about double the current share price. If the rumors are true this will go down in the annals of the technology market as one of the great milestones, and perhaps not a good one. IBM is if nothing a shrewd entity. Outside of Congress, making a $6B investment is not trivial for anyone and IBM will certainly invest more wisely than the set of currently elected simpletons. Yet doubling the going price for all shares of Sun is a seemingly extravagant gambit and indicates that IBM sees something of value that the market does not, and they want to keep competitors away. What does IBM want to acquire? When walking down Sun’s product … Continue reading →