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AN OP-ED POSTING
IS IBM’S OFFER TO SUN MICROSYSTEMS ABOVEBOARD ???
Just call me jaded and cynical.
But from where I sit, the IBM Sun Micro deal makes little sense. The full integration of IBM and Sun Micro would take years. Yet, Big Blue Samuel J. Palmisano (IBM Chair, Prez, CEO), and his closest IBM honchos are still selling their stock shares like there’s no tomorrow.
[http://moneycentral.msn.com/investor/invsub/insider/trans.asp?view=All&Symbol=IBM ]
Moreover, many of the IBM execs and Board members are at, or very near, retirement age. How many familiar faces will be around in 2 years ???
Who is going to run IBM ?
http://www.theregister.co.uk/2009/04/01/who_will_run_ibm/
You figure.
Yes, “due diligence” of Sun Micro is a legal and practical process. But if IBM entered it expecting to find a reason to back out, then IBM’s due diligence is merely a cover-up and pre-text to rumble through the closets and cellar of a viable competitor. IBM will learn key operating and marketing details with a straight face. There could even be more sinister and demonic forces at work, but dare I articulate them ?
PLEEZZE DON’T SHOOT THE MESSENGER ! PLEEZZE !!!
Like I said, just call me cynical. See, Big Blue Sam and me, we got history. Purely business, of course.
Posted March 30, 2009 4:30 AM ET
Madame P J Bailey
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IBM Notice of 2009 Annual Meeting and Proxy Statement
Tuesday, April 28, 2009 10AM in Miami, Florida.
http://www.ibm.com/annualreport/2008/proxy.shtml
Election of directors for a term of one year at 2009 meeting
http://www.ibm.com/annualreport/2008/proxy_toc_1.shtml
IBM 2008 ANNUAL REPORT
ftp://ftp.software.ibm.com/annualreport/2008/2008_ibm_annual.pdf
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