IBM in talks of buying Sun Microsystems
The Big Blue is in talks of acquiring Sun Microsystems for $6.5 billion in cash. If the deal doesn’t go through, the company is done, meaning that’s the only choice Sun has at the moment. The biggest problem with Sun is that although they are a smart bunch that can develop new technologies, the company [...]
Tagged as: competition, db2, dot-com bubble, ibm, java, linux, mysql, open source, servers, solaris, sparc, sun, technologiesSun Microsystems Inc.
JAVA – Sun Microsystems Inc.
The stock bounced of its recent bottom in hope that the earnings will be extraordinary. One of the good things about Sun is that the Solaris operating system is open source and the company mainly sells servers to business customers. However, Sun faces very strong competition in everything it sells.
IBM Lifts Tech Stocks
Most of the tech stocks were up today because IBM pre-announced strong 4th quarter results that will be released on Jan. 17. Earnings are 24% higher compared to a year ago, and revenues are beating analyst estimates. IBM said the weaker dollar helped to increase the company’s revenue by 10%. On the other hand, many retail [...]
Tagged as: decline, ibm, sears, strong revenues, tech, weaker dollar