Shares in Sybase and Novell rose sharply on Tuesday on rumours that IBM is considering a bid for either company. IBM was only one potential Sybase buyer named by analysts, who also say an Oracle bid is possible.
Sybase and Novell stocks have fallen consistently over recent years but both rebounded by more than 10 per cent on Tuesday morning as investors speculated that IBM would make a move.
Some analysts dismissed the Sybase speculation as an old rumour but believe Novell is a more feasible target and is ripe for takeover at a cheap price, following last week?s pitiful quarterly results (see Newswire, 21 August).
After years of steadily worsening financial results, Novell has been the subject of takeover speculation before. Sun Microsystems was linked to the company last year. Then and now, takeover rumours were given credence because Novell collaborates with IBM, Sun and Netscape to back Java technology.
Other rumours said that database leader Oracle is interested in its competitor, Sybase, an unlikely move that would be likely to attract the attention of antitrust regulators.
All of the companies involved have refused to comment on the reports.
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