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Message: Re: IBM, GlobalFoundries deal could be off
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IBM, GlobalFoundries deal could be off
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Somebodyfromanywhere
Jul 23, 2014 10:46AM
Re: IBM, GlobalFoundries deal could be off
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Aerialview
Jul 23, 2014 12:21PM
Re: IBM, GlobalFoundries deal could be off
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walconst
Jul 23, 2014 12:27PM
Icon president Re: IBM, GlobalFoundries deal could be off
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Strategic Trader
Jul 23, 2014 12:36PM
Re: IBM, GlobalFoundries deal could be off
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walconst
Jul 23, 2014 12:47PM

The Poughkeepsie Journal, citing anonymous sources with knowledge of the inner workings of IBM, said the deal had been dubbed “Project Next.”

The Journal reported that the talks may have not only died because of price, but perhaps because of national security concerns. IBM is a so-called “trusted foundry” for the U.S. military and GlobalFoundries is owned by the government of Abu Dhabi.

IBM had been seeking as much as $2 billion in the deal, although sources said last week that GlobalFoundries has presented IBM with its final offer and that IBM may have not thought it was high enough.

http://blog.timesunion.com/business/ibm-deal-with-globalfoundries-may-be-dead/60884/

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