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IBM cut its offer for Sun Microsystems Inc to $9.55 a share after a thorough vetting and may soon unveil details of its largest- ever takeover, a source with knowledge of the matter said on Thursday.

IBM cut its offer for Sun Microsystems Inc to $9.55 a share after a thorough vetting and may soon unveil details of its largest- ever takeover, a source with knowledge of the matter said on Thursday.

International Business Machines and Sun Microsystems may announce a takeover deal next week, a source with knowledge of the matter said on Thursday, showing IBM may be completing a lengthy review ahead of what would be its biggest acquisition.

International Business Machines Corp said Thursday it will cut its bid for Sun Microsystems Inc to an offering price ranging $9 to $10 a share.

IBM cut its offering price for Sun Microsystems Inc to $9 to $10 per share, The Wall Street Journal reported on Thursday.

IBM will sell a suite of Web-based collaboration software for businesses, including contact management, instant messaging and file sharing programs, the computing giant's biggest effort to date to sell software as a service.

As IBM's negotiations to buy Sun Microsystems Inc enter another week, some analysts are weighing the risks in what could be the biggest U.S. technology deal this year.

Web entrepreneurs are increasingly embracing new technologies from cloud computing to new computer languages to try and slash costs as investors disappear because of the recession.

IBM's talks to acquire Sun Microsystems Inc are continuing and may extend beyond next week, according to a person with knowledge of the matter.

Satyam Computer Services Ltd's search for a buyer suffered a setback on Thursday, as a source said IBM is not in the bidding, while India's Spice Group remains undecided about its participation.

For decades, the United States beckoned as the land of opportunity for bright, young Indians, lured by the prospect of prestigious university degrees followed by jobs on Wall Street or in Silicon Valley.

The board of Satyam Computer Services has shortlisted about eight bidders, including IBM and private equity firm Apax Partners, for buying the fraud-hit outsourcer, the Economic Times said on Thursday.

IBM will cut about 5,000 jobs in the United States, adding to similarly large cuts in the past few months, sources with knowledge of the matter told Reuters on Wednesday.

Corrects to end-2008, not 2009, paragraph 5

Intel Corp Chief Executive Paul Otellini said IBM's discussions to acquire Sun Microsystems Inc are likely to succeed for one ringing reason: Money Talks.

Stocks retreated on Wednesday as technology shares fell after news IBM is planning layoffs and a disappointing Treasury note auction raised concerns of flagging foreign interest in U.S. government debt, which could bode poorly for the economy.

Dell Inc is introducing new server and storage products aimed at cost-conscious companies, betting that its emphasis on value can help win market share as competition intensifies.

The chief executive of Dell Inc, the world's No. 2 PC maker, said on Tuesday rumors of IBM possibly buying Sun Microsystems were creating an enormous opportunity for Dell.

Sun Microsystems Inc, the darling of the dot-com boom, never really recovered from the bet it made on high-powered computers used to run the first generation of Internet datacentres.

IBM is still in talks to buy Sun Microsystems Inc and discussions could take several more days as IBM studies various parts of Sun's computer server and software businesses, according to people with knowledge of the matter.

An IBM takeover of Sun Microsystems Inc would raise the prospect of creating a clear leader in computer servers, but gaining market share might not be what's behind IBM's expensive overtures in hard economic times.

Stocks leaped on Wednesday after the Federal Reserve surprised Wall Street when it said it will buy long-term Treasury bonds for the first time in four decades in an effort to revive the recession-hit economy.

Stocks shot higher on Wednesday in a brisk rally after the Federal Reserve said it will buy long-term U.S. Treasuries in its push to revive the recession-hit economy.

The Dow industrials slipped and the S&P 500 was up slightly on Wednesday as news that International Business Machines Corp was in talks to buy Sun Microsystems pulled IBM's stock lower, more than offsetting a rise in financials.

IBM is in talks to buy Sun Microsystems Inc, sources with knowledge of the matter said, a move that could bolster the technology giant against rivals in the high-end computer server and software markets.

IBM is in talks to buy Sun Microsystems Inc for a proposed $6.5 billion cash offer, the Wall Street Journal reported Wednesday.

Stocks fell on Wednesday as lower oil prices hurt energy shares and caution before the Federal Reserve's policy decision offset optimism from a report of a potential takeover in the technology sector.

IBM is in talks to buy Sun Microsystems Inc, sources with knowledge of the matter said, a move that could bolster the technology giant against rivals in the high-end computer server market.

Stock futures were little changed on Wednesday as a report that IBM was in talks to buy computer maker Sun Microsystems offset caution before the Federal Reserve's policy decision.