Information technology
Gathering clouds
Mar 19th 2009
From The Economist print edition
The takeover talks between IBM and Sun highlight a shift in the industry
IT WAS the day Sun Microsystems was supposed to rise again. On March 18th the Silicon Valley computer-maker had planned to unveil a new online service to allow start-ups to manage with much less hardware, by buying computing capacity from a “cloud”, rather like electricity from the grid. But the event was overshadowed by the news, hours earlier, that IBM was in talks to buy Sun for at least $6.5 billion in cash, which would translate into a near-100% premium over the firm’s depressed share price in recent weeks.
Full article => http://www.economist.com/business/displaystory.cfm?story_id=13331334
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