IBM (IBM) To Pay Too Much For Sun (JAVA)
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Price: $262.96 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +4.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +4.9%
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In a weak economy, troubled companies should never be bought at a premium. No one has mentioned that to IBM (NYSE: IBM) which is looking at paying $10 a share for Sun Micro (Nasdaq: JAVA) which would be almost 100% higher than where the stock trades now. Sun as been an also-ran in the server industry for close to a decade. It is hard to see what strategic value it has to IBM, but the larger company is flush with cash, and may not be able to help itself.
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