Intel CEO says Sun was shopped around

Intel logoDuring an employee Webcast earlier this week to discuss Intel's stock options program, the chip giant's CEO, Paul Otellini, shed a little background on Sun Microsystems' pursuit to find a buyer.

When queried by an employee about his thoughts regarding an IBM-Sun merger and whether Cisco's recent announcement about entering the storage market drove Sun to find a buyer, Otellini said:

Oh, I don't know if the Cisco entry spurred IBM. I think (a) cheap Sun price--a low price--spurred a lot of interest. I can tell you that Sun was shopped around the valley and around the world in the last few months. A lot of companies got calls or visits on buying some or all the assets of the company. It looks like IBM is in the hunt now. And at a hundred and some odd percent premium, I suspect they'll get it.

I don't think it had anything to do with Cisco. I think IBM is trying to consolidate architectures. IBM has the strongest Java license in the industry. By picking up Sun--which is the creator of Java--they really consolidate their position not just in Linux, but also in Java.

I think the stuff on Solaris and SPARC is likely to see EOLs over time through the IBM acquisition. But no strategic reason for IBM to maintain that except to attempt to convert the very large Sun SPARC Solaris base to power. I think that would be their most likely strategy as part of this.

Is it good or bad for us? I don't know. I'd rather have Sun be independent, I guess.

Otellini's comments were published in a Securities and Exchange Commission filing on Wednesday.

Sun's shares closed down about 3 percent to $7.85 a share Wednesday during the regular trading session, while the broader markets advanced. With its closing price, Sun is valued at $5.85 billion.

IBM is reportedly interested in paying $6.5 billion to $8 billion, according to reports in The Wall Street Journal.

Source: CNET

Tags: IBM, Intel, Sun

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The smartwatch is reportedly being released alongside the Galaxy Note9 with some new tech on board
 
Not to be confused with a flip phone which separates the display from the hinge
 
The PCI-SIG has announced that PCIe 4.0 specification is finished
 
The report even mentions that AMD developed the Navi GPU architecture specifically
 
Intel has alreadt started production of XMM 7560 modem chips
 
The Galaxy Note 9 was previously expected to ship with a 3,850mAh battery
 
New update claimed to reduce system stability issues by 20%
 
The new silicon could let Intel design 20-core and 22-core SKUs for the X299 Express chipset
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)