Internet server and software maker Sun Microsystems might be a tempting takeover target for acquisition by Hewlett-Packard, Fujitsu or another tech giant, it was reported on Wednesday.
The speculation was prompted by a sliding share price and gloomy forecasts for Sun Microsystems, according to the San Jose Mercury News.
A sale would be momentous, involving billions of dollars and spelling the demise of one of Silicon Valley's most venerable companies, said the report.
But no one has confirmed any talks. A Sun Microsystems spokesman declined to comment on the prospect of a sale.
Executives at Sun Microsystems have continued to voice confidence in their strategy for turning the company around, said the report.
Sun's stock price has improved since hitting a 52-week low of 8.63 U.S. dollars in mid-July, closing at 10.18 dollars Tuesday. That's less than half its October peak price of 25.04 dollars.
This has led some investors to wonder about Sun's future.
With annual sales of 13.9 billion dollars and a workforce of nearly 35,000 worldwide, Sun is the seventh-largest company based in Silicon Valley. Founded in 1982, it has a reputation for pioneering workstations, servers and software.
Source:Xinhua
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