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A Friday of rumours
Does Sun Microsystems want to go private? According to report in Business Week, the server vendors considers delisting itself from the Nasdaq stock exchange through a leveraged buyout. But the story was based on one anonymous source. Sun stock went up. Sun COO Jonathan Schwartz called the Wall Street Journal and said that the folks at Business Week must have been smoking pot. Or fell victim to a source who hoped to make a quick buck by driving up the stock price.
A little more credibility has a report that Siebel System is in talks with Oracle for a possible takeover. The two have been in talks in the past. Siebel since landed in the bargain basement after firing its CEO two weeks ago and posting disappointing financial results earlier this week.
April 29, 2005 at 07:19 PM | Permalink
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