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Sun Microsystems may be left in the cold after the IBM talks fell through. Sun turned down the IBM offer after IBM offered $9.40 a share. However, Sun’s shares closed at $6.56 today after the buyout fell through.
The two sides had been nearing an agreement …

IBM will likely be buying out Sun Microsystems soon. It recently offered the company $9.55 a share, but just cut the offer to $9.50 a share.
Even with the drop in the offer price, IBM is offering Sun a 91% premium on the stock price, which …

Roughly 18 percent of Sun Microsystems’s global workforce is set to be eliminated. Due to the drastic reduction in sales of high-end servers, the job cuts are a way to slash costs and reduce the budget for the company.
The cuts would save the company between …