Part cheap, part fearful

IBM is bracing for impact. The tech conglomerate is pondering a bid for Sun Microsystems. Sure, combining the two big producers of computer servers promises substantial cost cuts. And Sun’s depressed valuation and substantial cash pile are no doubt tempting for the blue-chip IBM. But Cisco’s entrance into the already crowded server market is probably the key - especially for Sun. First the cheap part, for IBM at least. Prior to the technology giant’s interest leaking, Sun had lost about 70% of i...