IBM slashes SUN Microsystems price from $10 to $9 a share | Startup Meme - Technology Startup and Latest Tech News

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Apr 2 2009

IBM slashes SUN Microsystems price from $10 to $9 a share

Sardar Mohkim Khan 

image thumb7 IBM slashes SUN Microsystems price from $10 to $9 a share

The $6.5 billion buyout of Sub Microsystems by IBM is seeing some hiccups. IBM is cutting its offer price for the firm from $10 to $9 per share as reports state. The drop is much lower than the anticipated $11 per share that IBM was rumored to buy Sun for. If this deal turns to reality IBM would have a much larger lead in the server market over competitors is HP and Dell Inc.

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