[Reuters] Sun tumbles as IBM talks fail, outlook uncertain

Posted by: UGN Security

[Reuters] Sun tumbles as IBM talks fail, outlook uncertain - 04/06/09 12:49 PM

NEW YORK (Reuters) - Shares of Sun Microsystems Inc tumbled 22.5 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone