Sun Microsystems Rejects IBM Buyout Offer

malware · Apr 6, 2009

In March IBM was reported to be in the midst of negotiating to acquire Sun Microsystems. On the time of the publication there was no more to talk about, but on Saturday IBM finally made a formal bid of $9.40 a share for Sun, or a deal that would have been valued at about $7 billion. Unfortunate for IBM, Sun rejected the offer and has terminated IBM's right for exclusive merger talks, making Sun open for other merger candidates. IBM, in return, withdrew its buyout offer. Two reasons stay behind Sun's decision, one being the belief that the bid was too low, and the other being the terms of agreement, which give IBM too much flexibility in walking away from the deal. It is unclear if a second bid will be proposed by IBM, or will the negotiation between the two companies continue. Representatives from both IBM and Sun declined to comment on an unannounced information.

View at TechPowerUp Main Site

Wile E · Apr 6, 2009

Hell, I didn't even know that IBM was looking to acquire Sun to begin with.

Is Sun in trouble or something?

Binge · Apr 6, 2009

They have been for a while. I don't know why they rejected IBM's offer unless it was under pressure from one of their customers.

Phxprovost · Apr 6, 2009

In all honesty has anyone else even shown any interest in merging with sun? With all the turbulence Cisco is causing it seems like a good idea, though I haven't even heard any rumors of another potential buyer...

laszlo · Apr 6, 2009

wow! 7 billion !!

in a few months due the recession they will accept 5....

Frick · Apr 6, 2009

I kinda hope they come to an agreement. I like IBM and I like Sun and I for one wouldn't really mind a takeover.

WarEagleAU · Apr 6, 2009

Hell I Would have taken 7 billion USD. I dont know of any other, aside from maybe Intel, who could afford such a cost to merge with them.

gerrynicol · Apr 6, 2009

They have all but shut down there manufacturing plant in Linlithgow, Scotland, I had the joy of "leaving" just before christmas. They have not had any real work for a while. They were planning a new high end server, working with fujitsu bit I dunno whats happning with that anymore.

3870x2 · Apr 6, 2009

WarEagleAU said:
Hell I Would have taken 7 billion USD. I dont know of any other, aside from maybe Intel, who could afford such a cost to merge with them.

It is very affordable for a company like IBM. Remember that even though the buyout was 7 billion, current stocks say $6.57 per share, or a gain of just under 4.9 billion, meaning that in total they really only lose about 2.1 billion in value, which can easily be made back, and probably WILL be made back right after the merger, where people will buy in a frenzy, and drive the stocks up past $10 easy, which is free money for IBM, and they know it. This is why sun (JAVA) are pissed off at the offer.

Haytch · Apr 6, 2009

You ask nicely once, then it becomes a hostile takeover.

Sun Microsystems should have accepted the 7 Billion, it wasnt enough for them, but they should have made it enough.

This time last year their company was @ $17 a share, and its been a slow downhill ever since. Eventually they reached their all-time low in November of last year @ $2.60 a share due to the recession and their many other variables, but managed to balance themselves out and iron out issues.

Sun Microsystems managed to raise the share value since November to the $10 area in just a few short months, and i feel that they started to feel over-confident. As soon as they rejected the 7 Billion takeover, in a matter of moments their shares dropped about 35% to $6.56.

I prefer the two companies remain seperate entities.

Processor	Intel Core 2 Quad Q6600 G0 VID: 1.2125
Motherboard	GIGABYTE GA-P35-DS3P rev.2.0
Cooling	Thermalright Ultra-120 eXtreme + Noctua NF-S12 Fan
Memory	4x1 GB PQI DDR2 PC2-6400
Video Card(s)	Colorful iGame Radeon HD 4890 1 GB GDDR5
Storage	2x 500 GB Seagate Barracuda 7200.11 32 MB RAID0
Display(s)	BenQ G2400W 24-inch WideScreen LCD
Case	Cooler Master COSMOS RC-1000 (sold), Cooler Master HAF-932 (delivered)
Audio Device(s)	Creative X-Fi XtremeMusic + Logitech Z-5500 Digital THX
Power Supply	Chieftec CFT-1000G-DF 1kW
Software	Laptop: Lenovo 3000 N200 C2DT2310/3GB/120GB/GF7300/15.4"/Razer

System Name	The ClusterF**k
Processor	980X @ 4Ghz
Motherboard	Gigabyte GA-EX58-UD5 BIOS F12
Cooling	MCR-320, DDC-1 pump w/Bitspower res top (1/2" fittings), Koolance CPU-360
Memory	3x2GB Mushkin Redlines 1600Mhz 6-8-6-24 1T
Video Card(s)	Evga GTX 580
Storage	Corsair Neutron GTX 240GB, 2xSeagate 320GB RAID0; 2xSeagate 3TB; 2xSamsung 2TB; Samsung 1.5TB
Display(s)	HP LP2475w 24" 1920x1200 IPS
Case	Technofront Bench Station
Audio Device(s)	Auzentech X-Fi Forte into Onkyo SR606 and Polk TSi200's + RM6750
Power Supply	ENERMAX Galaxy EVO EGX1250EWT 1250W
Software	Win7 Ultimate N x64, OSX 10.8.4

System Name	Molly
Processor	i5 3570K
Motherboard	Z77 ASRock
Cooling	CooliT Eco
Memory	2x4GB Mushkin Redline Ridgebacks
Video Card(s)	Gigabyte GTX 680
Case	Coolermaster CM690 II Advanced
Power Supply	Corsair HX-1000

System Name	Result of Boredom
Processor	AMD FX-6350
Motherboard	ASUS M5A97
Cooling	Enzo Tech Extreme-X
Memory	16gb ddr3
Video Card(s)	XFX R9 290
Display(s)	Asus 24in (1920X1080) X 2 @144hz
Case	NZXT S340
Software	WIN7 64bit HP

System Name	2nd AMD puppy
Processor	FX-8350 vishera
Motherboard	Gigabyte GA-970A-UD3
Cooling	Cooler Master Hyper TX2
Memory	16 Gb DDR3:8GB Kingston HyperX Beast + 8Gb G.Skill Sniper(by courtesy of tabascosauz &TPU)
Video Card(s)	Sapphire RX 580 Nitro+;1450/2000 Mhz
Storage	SSD :840 pro 128 Gb;Iridium pro 240Gb ; HDD 2xWD-1Tb
Display(s)	Benq XL2730Z 144 Hz freesync
Case	NZXT 820 PHANTOM
Audio Device(s)	Audigy SE with Logitech Z-5500
Power Supply	Riotoro Enigma G2 850W
Mouse	Razer copperhead / Gamdias zeus (by courtesy of sneekypeet & TPU)
Keyboard	MS Sidewinder x4
Software	win10 64bit ltsc
Benchmark Scores	irrelevant for me

Sun Microsystems Rejects IBM Buyout Offer

malware

New Member

Wile E

Power User

Binge

Overclocking Surrealism

Phxprovost

Xtreme Refugee

laszlo

Frick

Fishfaced Nincompoop

WarEagleAU

Bird of Prey

gerrynicol

New Member

3870x2

Haytch

System Name	Black MC in Tokyo
Processor	Ryzen 5 5600
Motherboard	Asrock B450M-HDV
Cooling	Be Quiet! Pure Rock 2
Memory	2 x 16GB Kingston Fury 3400mhz
Video Card(s)	XFX 6950XT Speedster MERC 319
Storage	Kingston A400 240GB \| WD Black SN750 2TB \|WD Blue 1TB x 2 \| Toshiba P300 2TB \| Seagate Expansion 8TB
Display(s)	Samsung U32J590U 4K + BenQ GL2450HT 1080p
Case	Fractal Design Define R4
Audio Device(s)	Line6 UX1 + some headphones, Nektar SE61 keyboard
Power Supply	Corsair RM850x v3
Mouse	Logitech G602
Keyboard	Cherry MX Board 1.0 TKL Brown
VR HMD	Acer Mixed Reality Headset
Software	Windows 10 Pro
Benchmark Scores	Rimworld 4K ready!

System Name	Pandemic 2020
Processor	AMD Ryzen 5 "Gen 2" 2600X
Motherboard	AsRock X470 Killer Promontory
Cooling	CoolerMaster 240 RGB Master Cooler (Newegg Eggxpert)
Memory	32 GB Geil EVO Portenza DDR4 3200 MHz
Video Card(s)	ASUS Radeon RX 580 DirectX 12 DUAL-RX580-O8G 8GB 256-Bit GDDR5 HDCP Ready CrossFireX Support Video C
Storage	WD 250 M.2, Corsair P500 M.2, OCZ Trion 500, WD Black 1TB, Assorted others.
Display(s)	ASUS MG24UQ Gaming Monitor - 23.6" 4K UHD (3840x2160) , IPS, Adaptive Sync, DisplayWidget
Case	Fractal Define R6 C
Audio Device(s)	Realtek 5.1 Onboard
Power Supply	Corsair RMX 850 Platinum PSU (Newegg Eggxpert)
Mouse	Razer Death Adder
Keyboard	Corsair K95 Mechanical & Corsair K65 Wired, Wireless, Bluetooth)
Software	Windows 10 Pro x64

System Name	Home built
Processor	Core i7-920 4.0Ghz
Motherboard	Asus P6t OC
Cooling	Akasa Nero
Memory	6GB G.Skill DDR3 PC3-1348Mhz
Video Card(s)	XFX GTX 285 SLi
Storage	160GB, 250GB, 320GB
Display(s)	24" dell(1920X1200)
Case	Coolermaster HAF
Audio Device(s)	Auzentech X-Fi Prelude, logitech Z5500
Power Supply	Corsair HX 1K
Software	7 ultimate 64

System Name	Ultrabeast GX2
Processor	Intel Core 2 Duo E8500 @ 4.0GHZ 24/7
Motherboard	Gigabit P35-DS3L
Cooling	Rosewill RX24, Dual Slot Vid, Fan control
Memory	2x1gb 1066mhz@850MHZ DDR2
Video Card(s)	9800GX2 @ 690/1040
Storage	750/250/250/200 all WD 7200
Display(s)	24" DCLCD 2ms 1200p
Case	Apevia
Audio Device(s)	7.1 Digital on-board, 5.1 digital hooked up
Power Supply	700W RAIDMAXXX SLI
Software	winXP Pro
Benchmark Scores	17749 3DM06

System Name	_Speedforce_ (Successor to Strike-X, 4LI3NBR33D-H, Core-iH7 & Nemesis-H)
Processor	Intel Core i9 7980XE (Lapped) @ 5.2Ghz With XSPC Raystorm (Lapped)
Motherboard	Asus Rampage VI Extreme (XSPC Watercooled) - Custom Heatsinks (Lapped)
Cooling	XSPC Custom Water Cooling + Custom Air Cooling (From Delta 220's TFB1212GHE to Spal 30101504&5)
Memory	8x 8Gb G.Skill Trident Z RGB 4266MHz @ 4667Mhz (2x F4-4266C17Q-32GTZR)
Video Card(s)	3x Asus GTX1080 Ti (Lapped) With Customised EK Waterblock (Lapped) + Custom heatsinks (Lapped)
Storage	1x Samsung 970 EVO 2TB - 2280 (Hyper M.2 x16 Card), 7x Samsung 860 Pro 4Tb
Display(s)	6x Asus ROG Swift PG348Q
Case	Aerocool Strike X (Modified)
Audio Device(s)	Creative Sound BlasterX AE-5 & Aurvana XFi Headphones
Power Supply	2x Corsair AX1500i With Custom Sheilding, Custom Switching Unit. Braided Cables.
Mouse	Razer Copperhead + R.A.T 9
Keyboard	Ideazon Zboard + Optimus Maximus. Logitech G13.
Software	w10 Pro x64.
Benchmark Scores	pppft, gotta see it to believe it. . .