IBM withdrew its $7 billion takeover offer for Sun Microsystems on Sunday, just one day after the Sun board balked at a reduced offer.
On Saturday, IBM had dropped its bid from $9.55 a share to $9.40 a share after the issues rose in due-diligence.
The board of directors at Sun Microsystems didn’t decline the offer, but [...]

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The damage doesn’t stop with Microsoft today.  Far from it.  No wonder people are hanging signs on their cars to get work.
Digg
Digg announced today that they are laying off 10 percent of their staff.  Granted, for Digg this is only about seven people, but trying telling those seven people that it’s [...]

Continue reading " Job Cuts Pile Up: Digg, Sun Microsystems, Intel "