SUN

Shares of Sun Microsystems Inc dropped on Monday after a source with knowledge of the matter told Reuters that IBM's talks to acquire its smaller rival broke down.

Shares of Sun Microsystems Inc dropped on Monday after a source with knowledge of the matter told Reuters that IBM's talks to acquire its smaller rival broke down.

IBM's talks to acquire smaller computer and software rival Sun Microsystems Inc broke down on Sunday after Sun rejected IBM's $7 billion offer, a source with knowledge of the matter said.

IBM and Sun Microsystems Inc broke off acquisition talks after Sun indicated it was unhappy with IBM's offer of $9.40 or below per share, a source with knowledge of the matter said on Sunday.

Talks between IBM Corp and computer and software company Sun Microsystems Inc are on the brink of collapse, The Wall Street Journal reported on its website on Sunday.

International Business Machines has lowered its offer price for Sun Microsystems to $9.50 a share from $9.55 a share, although they are still in talks and the deal is not final, a source with knowledge of the matter said on Saturday.

For IBM, buying Sun Microsystems Inc makes a lot of good business sense: It removes a competitor, strengthens IBM against rival Hewlett-Packard and picks up on the cheap the intellectual property of one of Silicon Valley's most respected companies.

The combination of global titans IBM and Sun could be the most expensive ever acquisition in tech history, but according one analyst, this could also be the messiest.

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.

Sun Microsystems Inc. on Tuesday said it is laying off 1,500 workers in US and international operations, at “all functions, geographies and levels,” including vice presidents and directors.

The Sun-Times Media Group, parent of the Chicago Sun-Times, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two bankrupt newspaper publishers.

Fujitsu Ltd reaffirmed the company's commitment to its high-end computer server franchise, even though its partner in that business faces an uncertain future.

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.

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.

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.

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.