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As Sun's world turns (worse): The latest

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zigzagman   Saturday, 04/11/09 11:07:01 PM
Re: bUrRpPPP! post# 1003
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As Sun's world turns (worse): The latest
Posted by Larry Dignan @ 11:15 am
April 8, 2009

In the just keeping you updated department, the board of Sun Microsystems is scheduled to meet Wednesday over the IBM bid—err lack of one. Meanwhile, a large Sun shareholder dumped its stake.

Bloomberg reports Sun’s board is meeting to discuss the collapse of the IBM offer. It’s a bit unclear what Sun’s board is discussing given IBM has walked away for now and may not come back.

More interesting is the fact that a big Sun shareholder—Relational Investors—sold its 4.7 percent stake in the company. Ralph Whitworth, founder of Relational, disclosed the sale in a Bloomberg interview.

Relational wasn’t the only seller of Sun shares.

http://blogs.zdnet.com/BTL/?p=16034&tag=nl.e539


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