IBM said to be poring over Sun's contracts

20.03.2009

"I think those guys are driving the bus at Sun," Olds said. "This isn't a strategic thing or a Jonathan Schwartz thing; it's purely business."

Talk of an acquisition has pushed Sun's share price higher. It closed at $8.63 on Friday, up from $4.97 before the discussions were reported. IBM's share price initially slipped on the reports but recovered slightly on Friday, closing at $92.66.