Sunday, April 5, 2009

IBM says We'll take this deal and SHOVE IT

I.B..M. Withdraws $7 Billion Offer for Sun Microsystems

@JRStratford Please RT
The breakdown in the talks, said the second person close to the negotiations, came over the shifting balance of price and conditions for the deal.
For example, I.B.M. scrutinized the "change of control" contracts with Sun executives, senior engineers and managers. I.B.M. felt that the payments to senior employees were higher and extended more broadly across the company than it had anticipated. I.B.M. pointed to the change of control contracts as one reason it was reducing its offer price.

Also look at

This was comical

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