Failure of deal between Sun and IBM has knock-on effect
Crunch
Industry takes a pounding
Tuesday, 7 April 2009, 10:39
COMPUTER HARDWARE makers are suffering in the wake of the failed deal between Sun Systems and IBM.
For the last month share, prices in the industry have been doing quite nicely, but after the news that the Sun and IBM acquisition talks had failed, owning a share in a computer company suddenly seems like a stupid idea.
The Amex Computer Hardware Index lost 6.2 per cent in total whilst Sun shares are down 23.3 percent and IBM has lost 1.3 per cent. µ
L'Inq
RTT News
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Well if I had money I'd be buying Sun shares right now. If Big Blue was interested they are still interested, they just decided they could pay an inflated price to the shareholders without paying bloated severance packages to the top echelon leeches... er, executives.
Too bad the shareholders have no say in this.
McNutley is just another egotistical arse. By his arrogance, he just condemned his stockholders to getting a far lower payout on their shares. If I were a Sun shareholder, I'd hunt that bastard down and rip him a new one.
IBM should just sit back and slowly accumulate Sun shares until they have enough to take over cheaply, then throw McNutley and Schwartz on their keisters.