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Intel CEO says Sun was shopped around

Mar 27, 2009, 01:32 (1 Talkback[s])
(Other stories by Dawn Kawamoto)

"When queried by an employee about his thoughts regarding an IBM-Sun merger and whether Cisco's recent announcement about entering the storage market drove Sun to find a buyer, Otellini said:

""Oh, I don't know if the Cisco entry spurred IBM. I think (a) cheap Sun price--a low price--spurred a lot of interest. I can tell you that Sun was shopped around the valley and around the world in the last few months. A lot of companies got calls or visits on buying some or all the assets of the company. It looks like IBM is in the hunt now. And at a hundred and some odd percent premium, I suspect they'll get it."

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