CNET

Jilted JAVA: Sun Micro Left at the Altar

From CNET: Sun’s stock plummeted nearly 23 percent to $6.68 a share in premarket trading, following reports in The New York Times and The Wall Street Journal that the company rejected a formal buyout bid of $9.40 a share or less, and terminated an exclusive negotiating agreement, prompting IBM to withdraw its offer. Sucks to…