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IBM News Lifts Shares

SUN Microsystems Inc shares soared yesterday after a published report said International Business Machines Corp is in preliminary talks to buy Sun for at least US$6.5 billion in cash.

The Wall Street Journal, which cited unnamed people familiar with the matter, said the deal could occur as early as this week. It also said the talks could fall apart.

Sun Microsystems shares rose US$3.09, or 62 percent, to US$8.06 in morning trading, while IBM lost US$2.77, or 3 percent, to US$90.14.


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