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Posts Tagged ‘eds’

Dell says IBM-Sun talk creates business opportunity

Tuesday, March 24, 2009 : Permalink

Reuters – The chief executive of Dell Inc said on Tuesday that talk of IBM possibly buying Sun Microsystems was providing an "enormous opportunity" to the world’s No. 2 PC maker in the corporate server market.

Michael Dell said such talk created uncertainty over the future of Sun’s Solaris-based servers and accelerated a customer migration to the servers based on standard industry components, known as x86 servers, which are Dell’s mainstay product.

Apart from the potential IBM-Sun union, Dell is also facing an uphill battle with network equipment maker Cisco Systems with and Hewlett-Packard. Cisco has announced a foray into the server market and HP has started to offer a more complete package of technology services to its corporate clients after its purchase of EDS.

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Washington’s reluctant auto bailout

Tuesday, March 24, 2009 : Permalink

CNNMoney.com – General Motors and Chrysler LLC have about a week or less before they find out if they’ll get the additional help they need from taxpayers, creditors and unions to avoid bankruptcy.

What they already know is that any assistance they receive won’t be given happily.

The two companies face a March 31 deadline to win concessions from bondholders and unions in order to prove to the Treasury Department that they can be viable in the long term. Without such a finding, the government can recall the $13.4 billion it has already lent to GM (GM, Fortune 500) and the $4 billion it loaned to Chrysler.

Few expect Treasury to take such a drastic step. Still, it’s clear that the automakers need more than the loans they already have received. Chrysler is on record as saying it needs as much as $5 billion in additional funds by March 31 to avoid being forced into bankruptcy.

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