John Paczkowski

Recent Posts by John Paczkowski

IBM Mulling Sun "Resource Action"?

sun_ibmjpgNeither Sun nor IBM will confirm that the two companies are even in talks, but the two will reportedly announce their merger on Monday–not today, as previously thought. That’s the word from Bloomberg, which confirms claims that IBM (IBM) intends to pay between $9 and $10 a share for Sun (JAVA). The Wall Street Journal, meanwhile, pegs the price at $9.55 per share, or about $7 billion. At that price, the acquisition will be the largest in IBM’s history, surpassing even its $5 billion purchase of Cognos in 2007.

And after the deal, then what? Massive layoffs, most likely. Analysts say redundancies between the two companies’ businesses could cause IBM to sack as much as a third of Sun’s employees in one of those “resource actions” it’s so fond of. “This deal is definitely going to lead to a lot of combined layoffs,” Forrester Research analyst James Staten told Forbes. “And it wouldn’t be a surprise if most of that bloodletting happened on the Sun side.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus