Sun Finds a Buyer: Is Anyone Surprised?

Posted by • March 18th, 2009 • 3 Comments

WSJ reported IBM is considering a $6.5 billion cash bid for Sun, a nearly 100 percent premium to its Tuesday close. Sun had reportedly been shopping itself to larger rivals for some time. 

Reviews show that a potential buyout was not exactly a well-kept secret… 

A marketing manager at Sun recently reported on Glassdoor.com that “Sun is now becoming a fading light and is slowly eroding. It is being overshawdowed by IBM, HP and others.” In addition a Sun Product Manager describes the company as “A Shadow of its former self” 

Also it’s interesting to note that Sun’s CEO Jonathan Swartz is among the 50 lowest rated CEOs (with at least 25 reviews) based on employee feedback.

Glassdoor Report: IBM & Sun
 Company RatingCEO NameCEO Rating
IBM3.2Samuel J. Palmisano
42%
Sun3.1Jonathan I. Schwartz
25%

Over the past few months, we have reported on various buyout and CEO transitions. Kara Swisher, who called this deal between Sun and IBM a few weeks ago, says more big tech deals could be on the way, including a possible pairing between Google and Twitter.  Big things are yet to come down the pike, and Glassdoor’s finger will be on the pulse of what the employees have to say.

The Glassdoor Team is a small yet seasoned group of individuals looking to provide greater transparency into one of the most important aspects of our lives – our jobs. Contributions to the blog are designed to present a unique perspective on current events, offer commentary on the inside workings on specific jobs at a multitude of companies, and provide details on the latest happenings from within Glassdoor.

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  • http://www.groupereye.com Ted

    With enough users, glassdoor has the interesting potential to be a prediction powerhouse. It would be cool to have a feature that allowed employees to anonymously predict the future of their company.

  • Guest Contributor

    Hi Ted,

    Thanks for the feedback. We are noticing all the time how employee sentiment can be an indicator of things to come. Keep sending us your suggestions and feedback on the site – we appreciate it!

    The Glassdoor Team

  • GD

    As Glassdoor continues to collect data, it would be interesting to see a small chart of a company’s rating over time (quarter-to-quarter or year-to-year).