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Date: | Mon, 12 Jul 1999 11:42:35 -0700 |
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> I think that this article speaks for itself, and recommend reading it and
> checking related links; CNET News.com - IBM buys Sequent for $810 million
> http://www.news.com/News/Item/0,4,0-38992,00.html?st.ne.lh..ni - The deal
> shores up IBM's position in Project Monterey, a next-generation version of
> Unix in which IBM and Sequent are partners...
I've been living through this mess... my wife works at Sequent. Since the
Wall Street Journal broke the story a couple of weeks ago the morale there
has gone totally in the dump. As of a couple of minutes ago they still have
not told the employees what's going on, the have a company meeting at 12:30
PST.
From what I understand it was originally was going to just be an OEM Deal.
The rumor mill had it that it was a done deal, and they where waiting for
the right time to announce it. I'm not sure when it changed it to the
purchasing of Sequent. Maybe to many details to work out... IBM and Sequent
competed for a lot of the same customers. Trying to divide up the customers
and revenue from them could have been ugly. Maybe Sequent would have had no
sales force at all, that would have been really risky for them.
Better get back to real work....
-Lane
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