Where Next for Sun Microsystems?
Sun Microsystems share price has plummeted this week following the breakdown of IBM’s takeover talks. The board rejected an offer of $9.40 per share and terminated their agreement to negotiate exclusively with IBM.
Sun has been looking for a buyer for several months. The company has struggled for a few years and is in the process of cutting 6,000 jobs. Most analysts agree that it has never fully capitalized on its core technologies such as Java. During the mid-1990s, Java was touted as being the only development platform needed for desktop and web applications, but performance issues, licensing confusion, and the success of competing technologies contributed to its sedate uptake in the market.
Where Next for Sun Microsystems?
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