- Is Microsoft preparing us to move beyond Vista?
- Why Google wanted to lose wireless spectrum auction
- iPhone shortage fuels rumors of imminent 3G phone
- XP for cheap PCs: a second crack in the wall
- Darts into data: Leveraging random action to competitive advantage
- Most iPhone buyers are existing Apple customers
- AT&T's so-called open network principles
- Mono dev tool offered
- ActiveState upgrades IDE
- Serena plans SaaS products
October 28, 2005 | Comments: (0)
Sun stockholders cry for help
Apparently tired of Sun Microsystems' inability to get back to the glory days of the Internet boom, Sun stockholders voted to repeal the poison pill provisions in place to make it hard for a hostile bidder to take over the Santa Clara company.
The proposal to eliminate a poison pill gained 84 percent of the vote at Sun's annual shareholder meeting, despite the opposition of the Sun board, led by CEO Scott McNealy, the San Francisco Chronicle reported.
The stockholders all but begged a knight, black or white, to come in and take over the company, said one analyst.
"In what was one of the most impressive requests for a buyer I have ever seen, the Sun investors...voted in an anti-poison pill initiative," said Rob Enderle, president of the Enderle Group. "These are interesting times for Sun, with 'interesting' clearly not being a good thing. It is interesting to note that Gateway had strong financial results and might be interested in Sun at the right price."
Posted by Jack McCarthy on October 28, 2005 04:58 PM
RATE THIS ARTICLE:
-
- COMMENTS
TOP STORIES
ADDITIONAL RESOURCES
- Migrating to Vista
- CX4: Leading-Edge Midrange Storage for Virtualized Environments
- Turning Information Into A Competitive Advantage
- Your Guide to Troubleshooting Application Problems
- AT&T Article: Reinventing the Telephone with VoIP
- Coordinating Marketing and Sales Across the Entire Revenue Cycle
