IBM Changes Its Tune: “Here doesn’t come the sun”
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Oct 23, 2024
Oct 23, 2024
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![[IMG]](proxy.php?image=http%3A%2F%2Fwww.techcrunch.com%2Fwp-content%2Fuploads%2F2009%2F04%2Fcp_1239033586_sun_tour-206x199.jpg&hash=1b7d37937f49051dd14d7d57ed294729)
Oh noes! IBM withdrew its #-Link-Snipped-#. The company has no other offers outstanding, which may mean that the well-known and well-loved Unix server supplier will have to go it alone in an uncertain economy. One interesting point, <a href="https://www.nytimes.com/2009/04/06/technology/business-computing/06blue.html?adxnnl=1&partner=rss&emc=rss&adxnnlx=1239004892-x27cda+quko8rPa2s/tN2Q" target="_blank" rel="nofollow noopener noreferrer">I.B.M. Withdraws $7 Billion Offer for Sun Microsystems - The New York Times</a>:The Sun board did not reject the offer outright, but wanted certain guarantees that the I.B.M. side considered “onerous,†according to that person.
IBM dropped its price to $9.40 and the requirements included changing the management team and the movement/removal of some senior employees. . Sun’s stock dropped to $8.49 last Friday.#-Link-Snipped-#
