InfoAnda - Sun tumbles as IBM talks fail, outlook uncertain

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Kate Winslet finds delight in Carnage | | 18 December 2011
'The weak get beat': Putin marks 10 years in power | 7 August 2009
Born from Japan disasters, Line app sets sights on U.S., China | | 16 August 2012

Ryan Seacrest, Jenny McCarthy Talk Kissing At Midnight, Hosting "New Year's Rockin' Eve" In The Nude | 30 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Sun tumbles as IBM talks fail, outlook uncertain | Technology |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Sun tumbles as IBM talks fail, outlook uncertain Mon Apr 6, 2009 3:49pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Ritsuko Ando NEW YORK (Reuters) - Shares of Sun Microsystems Inc tumbled 22.5 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone company. While some on Wall Street held out hopes for bargaining to resume, a source with knowledge of the matter said that talks broke down over the weekend after Sun turned down International Business Machines Corp's offer of up to $9.40 per share. Sun shares tumbled to $6.58 on Monday afternoon from their close last week at $8.49. But they remain above the $4.97 level before the talks with IBM were first reported on March 18. Many analysts said that selling itself to IBM may have been the best move for Sun, which has been losing market share, and that the stalled talks underscored its significantly weaker position at the bargaining table. "It looks like they're in somewhat of a dilemma. It's (Sun's) operational history of the past four to eight quarters doesn't seem to be working well for them, nor have their efforts to sell assets," said Tom Smith, analyst at S&P Equity Research. He downgraded Sun's shares to "sell" from "hold" and lowered its 12-month price target to $6 from $9.50. Banking sources say Sun has been shopping itself for the past several months, and it appears no bidder other than IBM has raised its hand. Failed negotiations with IBM could mean Sun would have to contend with an even lower offer, or worse, none at all. Some analysts said Sun could sell itself in parts to software companies which do not want, or cannot afford, the whole company. Many said such sales would likely bring in less than a sale of the whole company. Credit default swaps insuring Sun's debt jumped to around 143 basis points, or $143,000 per year for five years to insure $10 million in debt, from around 95 basis points on Friday, according to Markit Intraday. ANOTHER YAHOO Some predicted Sun could face anger from shareholders, in the same way that Yahoo Inc co-founder and previous Chief Executive Officer Jerry Yang did after he rejected Microsoft Corp's $47.5 billion bid last year. Yang eventually stepped down under strong criticism, and was replaced by Carol Bartz. Some analysts say accepting Microsoft's offer would have meant $30 billion in value creation for Yahoo shareholders. "We sure hope that shareholders don't experience a Yahoo," said Keith Wirtz, president and chief investment officer at Fifth Third Asset Management, which owns both Sun and IBM shares. While IBM had been negotiating the price downwards, according to a source, the last bid still represented a premium of up to 89 percent on Sun's shares before deal talks were first reported in mid-March. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: New T-Mobile gadgets to sport Google's Android: report Also on Reuters Fund operator Ezra Merkin charged with civil fraud Video Video: Who wants the best job in the world? Commentary: Summers’ payout raises reform doubt More Technology News Yahoo looks outside its walls with new music service New T-Mobile gadgets to sport Google's Android: report Time Warner laying ground for possible AOL spin AP cuts newspaper rates, moves to protect web news Egypt police detain Muslim Brotherhood blogger More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video More than 130 die in central Italian earthquake | Video ANALYSIS-North Korea Kim Jong-il's fortunes soar on rocket Soros says U.S. faces "lasting slowdown" | Video Playboy TV fined over explicit content Iran criticizes Obama, calls on U.S. to scrap nuclear arms Farrah Fawcett in L.A. hospital: reports Estimated U.S. taxpayer cost for bailout jumps Focus on N.Korea nuclear talks after launch: Russia | Video Ice bridge holding Antarctic ice shelf cracks up Sun tumbles as IBM talks fail | Video Most Popular Articles RSS Feed Video Earthquake hits Italy Global concern at NKorea missile Best job in the world! Many dead in Italian quake Obama promotes nuclear-free world Suicide bomber kills at least 22 Car bombers target Baghdad Sri Lanka end game on rebels Obama seeks closer ties with Turkey NKorea launches rocket Most Popular Videos RSS Feed THE GREAT DEBATE Real-life spy thriller in cyberspace Eric Auchard Once in a while a good computer security scare comes along that has all the makings of a taut Cold War spy thriller and the latest news of a global computer espionage ring is one such story. Commentary Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 7 April 2009
Iran's Ahmadinejad says waiting for U.S. policy change | International |
Venezuela cracks down on anti-Chavez leaders | International |
Four blasts in India's Assam kill 8 before PM visit | International |
Yahoo looks outside its walls with new music service | Technology |
Sun tumbles as IBM talks fail, outlook uncertain | Technology |
Time Warner laying ground for possible AOL spin | Technology |
AP cuts newspaper rates, moves to protect web news | Technology |
Two Crichton novels to be published posthumously | Entertainment |
Italy finds quake survivors, but hopes fading | International |
Japan seeks strong U.N. response on North Korea rocket | International |
Seven car bombs kill 37 across Baghdad
Cuba's Raul Castro meets U.S. officials | International |
Venezuela's Chavez backs Obama's conflict-free call | International |
Series of bombings in Baghdad Shiite areas kill 37
Obama says U.S. is not at war with Islam
Italy quake kills at least 179; scores saved
Israeli police demolish home of Jerusalem attacker
Fed strikes currency swap deal with central banks
Dubai shrugs off crisis with new budget airline
As Iraq rape trial begins, attorneys attack law
Nigeria dismisses U.S. warning of possible attack | International |
World's first hands, face transplant
Blair: Skepticism about peace after Netanyahu win
Black Monday in Baghdad as car bombings kill 32
Asian summit to discuss rocket and recession | International |
Crisis-hit Russia faces tough year: Putin
Massive earthquake hits off Kuril Islands | International |
US automaker Ford slashes debt by 9.9 bln dlrs
Cuba's Raul Castro meets US lawmakers
Salesforce offers customers free service | Technology |
Raul Castro meets with 6 visiting US lawmakers
Page first turned on e-book idea long ago | Technology |
US fighter jets scramble, chase stolen plane
Labels bet flexibility boosts iTunes sales | Technology |
US-TECH Summary
Gates urges 'reform,' cuts in US weapons programs
Salesforce offers customers free mobile service
Obama to wrap up Europe tour
Industries, countries scrap over high-tech metals
Report: Number of attacks on aid workers surges
Tough times for Poles in Ireland
Son says accused nazi guard has illness
Labels bet flexibility boosts iTunes sales
Experts argue if NKorea's launch suggests progress
Page first turned on e-book idea long ago
Chechnya doesn't need independence: Kadyrov
Clinton pressing UN on North Korean launch
Italian rescuers hunt survivors as quake kills 179
NASA astronaut to send Twitter updates
Nazi guard Demjanjuk to fight deportation order
French police find huge ETA explosives cache
Foreign telecom barriers hindering competition: US
AP to take on Web piracy, cut rates
Salesforce offers customers free mobile service
Chris Brown pleads not guilty in Rihanna abuse case | Entertainment |
Paul-and-Ringo duet thrills Beatles fans at benefit | Entertainment |
Budget-conscious Hollywood in grip of remake fever | Entertainment |
Dutch soldier, 4 insurgents killed in Afghanistan
Malaysia to revive caning in schools
Gossip writer out of job after Wolverine review | Entertainment |
Fire damages Beijing museum built for Olympics
Unusuals brings offbeat humor to cop drama | Entertainment |
Sri Lankan president says rebel myth shattered
Actors union negotiators meet, deal report said premature | Entertainment |
US seeks strong response to NKorea rocket launch
China launches sweeping health care reform plan
Khmer Rouge jail chief details torture methods
US: 4 insurgents killed in southern Afghanistan
Budget-conscious Hollywood in grip of remake fever
OneAsia Tour's Pine Valley Beijing Open called off
Jackie Earle Haley to be Freddy in 'Elm St' remake
Thai PM vows to prevent 'civil war'
Breakthrough in Hollywood actors' deadlock: report
Hollywood warns Bollywood on 'Button' remake
S.Korean won ends down 0.6 pct on bank worries
Seoul shares end at new 6-month high; techs up
FACTBOX-S.Korea's $2 bln sovereign bond sale at a glance
US-ENTERTAINMENT Summary
World Bank: East Asia faces slower growth
Budget-conscious Hollywood in grip of remake fever
Japan's central bank keeps interest rate unchanged
Tehran wall art illustrates peace offensive
Vietnam to raise minimum state salary by 20 pct
Israel hopes pope helps image, brings cash
World Bank: China's recovery could start this year
Paul-and-Ringo duet thrills Beatles fans at benefit
Philippines March inflation slows to 6.4 percent
Miley Cyrus still adjusting to life as a superstar
SKorea-US trade deal could come sooner: advocate
"Unusuals" brings offbeat humor to cop drama
Singing serial killer faces death sentence
Korea Hot Stocks
Gossip writer out of job after "Wolverine" review
Review: `Observe and Report' should cease, desist
Singer Chris Brown denies Rihanna assault
Moldovan protests turn violent after Communist win | International |
Israel destroys part of Palestinian attacker's home
Baghdad car bomb kills 9 in Shi'ite area | International |
Pakistan, U.S. stress trust, disagree on drones | International |
As Iraq rape trial begins, attorneys attack law
Spain sacks economy chief as government struggles | International |
Merkel cuts short surprise Afghan trip
Ailing lender RBS to cut up to 9,000 jobs
Peru's Fujimori convicted of human rights crimes | International |
Sudan's Bashir vows to try Darfur war criminals | International |
Britain's ailing RBS to cut up to 9,000 jobs
Israel carries out missile test: Defense Ministry | International |
Hopes for recession turnaround take a hit
Gunman kills one, then self, in German court shooting | International |
Shooter kills one, then self at German court
East Asia faces slower growth: World Bank
US seeks strong response to NKorea launch
Obama ends Europe trip with tour of Istanbul mosque
Obama: Accord on climate will be tough
Australia to invest $31 billion in broadband | Technology |
Castro welcomes US lawmakers
Google helps, not hurts newspapers, executive says | Technology |
Australia to build $31 billion broadband network
At least two dead in German court shooting
Scuffles as London police end Tamil demo
Chris Brown pleads not guilty in Rihanna abuse case | Entertainment |
China moves to make competitive publishing giants
Original Beatles digitally remastered | Entertainment |
McCain urges respect of human rights in Vietnam
Malaysia's ruling coalition wins first of 3 votes
Ex-Khmer Rouge tells how he put prisoners in pits
Elephant tramples Dutch tourist to death in India
UNESCO gives posthumous award to Sri Lankan editor
Australia to build $30 bln broadband network
Pakistani stocks end at highest close this year
Protestors trap Thai PM inside beach hotel
Rare megamouth shark caught, eaten in Philippines
S.Korea orderbook reaches $2 bln in bond sale-source
Philippine inflation eases to 6.4 percent in March
Bank of Japan leaves interest rates unchanged
S.Korea to set up $3 bln fund to buy ships -report
Pakistan's monetary policy may ease -central bank
LaBelle, Jones to be honored at Apollo concert
Taiwan dlr falls on risk concerns, c.bank movement
Part of 'Cuckoo's' hospital to be saved for museum
World Bank sees shrinking China exports in 2009
Imported Bruennhilde has some success in Met debut
ADNOC to visit South Korean refiners
Police fire shots at demonstrators in Papua
An overview of Indonesia's parliamentary elections
Indonesia prepares for parliamentary elections
Singapore News
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01