HardOCP News
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- Dec 31, 1969
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The Associated Press, citing an anonymous person close to the situation, claims that IBM is in talks to buy Sun Microsystems for $7 billion.
But the combination of I.B.M. and Sun, analysts say, would bring together two technology companies that have continued to invest heavily in research and development, when many of their corporate peers have cut back to shield profits. I.B.M.s research and development budget is about $6 billion a year, while Suns is roughly $3 billion.