workstation

Shares of Sun Microsystems suffered a staggering jolt Monday, following reports that the hardware maker rejected IBM's formal bid over the weekend and Big Blue has withdrawn its offer.

Sun's stock plummeted nearly 23 percent to $6.68 a share in premarket trading, following reports in The New York Times and The Wall Street Journal that the company rejected a formal buyout bid of $9.40 a share or less, and terminated an exclusive negotiating agreement, prompting IBM to withdraw its offer.

Sun's shares closed at $8.49 a share during the regular trading session on Friday. … Read more

Updated at 7:13 p.m. PDT, with comment from Sun Microsystems and market share information for both companies.

Sun Microsystems rejected IBM's formal buyout offer on Saturday, calling the bid insufficient and putting future deal talks at risk, according to a report Sunday in The Wall Street Journal.

IBM reportedly made a formal bid of $9.40 a share, or less, for Sun, which in turn rejected the offer and terminated Big Blue's right to exclusive merger talks, the Journal reported. IBM, in turn, withdrew its buyout offer.

In addition to holding a belief that the bid … Read more

After weeks of negotiations, IBM reportedly is eyeing a $9.55-per-share buyout for Sun Microsystems, according to a report in The Wall Street Journal.

Such a price would value the deal at roughly $7 billion and offer Sun investors nearly double the price of the stock before reports surfaced earlier this month that the parties are in buyout talks.

A report in The New York Times, meanwhile, notes the parties are discussing a purchase price of $9.50 a share.

In either case, Sun's investors haven't seen the hardware maker's stock trade at those levels since August. … Read more

Last week, I attended a press event in Los Angeles hosted by Hewlett-Packard's workstation business unit. Hewlett-Packard was preparing for this week's announcement of three new Z-series workstation models: the Z400, Z600, and Z800.

HP briefed the reporters and analysts with all the key details of the products (the speeds and feeds, as we say), took us to visit a couple of HP's key customers in the area, and hosted presentations by software partners and more customers.

The workstations are very nice, especially the Z600 and Z800: high-quality dual-processor systems based on Intel's newest Xeon 5500… Read more

IBM has reportedly cut its purchase price for Sun Microsystems to a range of $9 to $10 a share. And Sun is apparently willing to accept the lower range providing IBM agrees to pursue the deal, even in the face of antitrust scrutiny, according to a report Thursday in The Wall Street Journal.

Previously, IBM was contemplating a buyout price of $10 to $11 a share, according to the Journal. Big Blue had recently been delving into Sun Microsystems' contracts for any possible conflicts, as part of its due diligence on the company.

Sun Microsystems stock spiked 6.25 percent … Read more

Lenovo is hoping to lure game developers and others to its refreshed workstation line, the ThinkStation.

Originally launched in late 2007, the ThinkStation S20 and D20 get some spit and polish, including the latest Intel Xeon processors, and a choice of either the Nvidia Quadro or ATI FirePro graphics cards.

The desktops will be on display at the Game Developers Conference here in San Francisco this week, powering a new virtual customer service world called eLounge that Lenovo is launching Tuesday. Built on the same engine as Unreal Tournament by Epic Games, eLounge looks very Second Life-esque, and functions similarly, … Read more

Shares of Sun Microsystems took a hit in Monday morning trading, falling at least 7 percent while the broader markets advance.

Sun fell as low as $7.53 a share, following reports Friday in The Wall Street Journal that IBM is currently engaged in combing through Sun's contracts, as part of the evaluation process on whether to move forward with an acquisition.

Sun's shares had been on a rocket ride, after reports surfaced last week in the Journal that IBM was in negotiations to acquire the company for roughly $6.5 billion.

After the reports surfaced, Sun's … Read more

IBM is reportedly wading through Sun Microsystems' contracts and documents for potential conflicts or problems, as it works its way through the due diligence process toward a merger, according to a report Friday in The Wall Street Journal.

IBM's attorneys have been poring over Sun's documents for at least the past several days, if not longer, according to the Journal.

And while the due diligence process is not anticipated to lead to any nixing of a deal, IBM is seeking a clear understanding of where Sun stands with its complex cross-licensing agreements and other contracts, according to sources … Read more

Sun Microsystems shares soared Wednesday, as reports surfaced that the struggling hardware maker was in merger talks with IBM.

Sun ended the day up 78.9 percent to close at $8.89 a share. The last time Sun traded at such levels was back in September.

Although Sun's stock got a jolt as reports circulated that the workstation and storage company was in merger talks with IBM, it did not return it to its 52-week high levels of $16.72 a share.

Some analysts issued support for such a deal.

Jeff Goldberg, a senior analyst with financial research and … Read more