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.
