Top 20 Tech and Channel Trends of 2009
8. The Battle for the Setting Sun
Jonathan Schwartz did his best to revive Sun Microsystems, but to no avail. In March, word slipped that IBM was in talks to buy Sun for $7.5 billion. The Sun acquisition by Big Blue quickly became the biggest game in the technology market, despite IBM’s repeated denials. After weeks of speculation, IBM withdrew from talks over a price dispute. While speculation ran wild that Sun would somehow revive talks with IBM, Oracle swooped in and picked up the company for a lower price. The European Union has held up completion of the deal as Sun reportedly bled more than $100 million a month, but it looks as though Oracle is finally going to clear that hurdle.