During a press event held in New York on Tuesday, Sun's president and chief operating officer Jonathan Schwartz described Wall Street as "the swamp from which Sun spawns," adding that if there is one industry on earth where IT matters, "it's Wall Street."
Multimedia giant AOL Time Warner Inc. (AOLTW) is in talks over the possible acquisition of Red Hat Inc., a major distributor of the open-source Linux operating system, The Washington Post reported Saturday.