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