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by James Robertson.
Original Post: The Rumor Mill Buzzes - Google Buying Sun?
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BlogCritics is still flogging the rumor that Google is buying Sun. If it's true, I will certainly have a lower regard for Google's business acumen - such a deal makes no sense to me (unless you are Sun management, desperate to parachute out). The newest piece of the rumor? The NYT Dealbook is floating it:
Talk of an imminent sale of Sun Microsystems to Google has been swirling around trading floors and Silicon Valley for more than a week. Shares of Sun, which has a partnership with Google to develop and distribute each other’s technology, spiked up about 4 percent last week as a result of the rumors. The speculation got even more legs after Google purchased Writely, a maker of a Web-based word processor that some people viewed as a product to be added to Sun’s StarOffice suite, which Google may help distribute. It’s also convenient that Eric Schmidt, Google’s chief executive, is the former chief technology officer of Sun.
BlogCritics says this about it:
The prices of Sun and Google are moving further and further apart, too, as the market is realising what may be truth in the rumour: at close of trading yesterday, Sun was up and Google was down again, a rare phenomenon by any standards.
I don't know, you think that might be a collective "WTF???" from the market, aimed at Google?