Sun to IBM: We're willing to talk again; Big Blue not interested

Summary:Updated: Sun Microsystems would reportedly be willing to resume takeover talks with IBM if Big Blue says it'll commit to closing the deal. Bloomberg reports the news based on two people familiar with the matter (Techmeme).

Updated: Sun Microsystems would reportedly be willing to resume takeover talks with IBM if Big Blue says it'll commit to closing the deal. 

Bloomberg reports the news based on two people familiar with the matter (Techmeme). The two companies currently aren't talking and each one is waiting for the other to make a move. Meanwhile, CNBC reports that IBM isn't interested at any price

That puts Sun in quite a bind. 

Here's why Sun is so willing to talk to IBM again....

Fairly obvious why Sun would want to talk eh? But it's not all about the stock chart. There's another little problem: Sun doesn't have any other interested parties. Meanwhile, rivals are preparing campaigns to poach customers. See Dell's latest move---perfectly timed at the exact moment Sun announced its server refresh.

Update: Wall Street doesn't appear to be buying into Sun's prospects. In early trading, Sun spiked, but then quickly retreated. It's one thing if Sun wants to talk. It's quite another thing if IBM wants to talk. 

More:

Topics: Hardware, Banking, IBM, Oracle, Servers

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.