Sun Split On IBM Deal?

Fascinating article in the Wall Street Journal saying that the IBM acquisition of Sun has been pulled. Seems the board is divided over whether or not to accept with a faction led by Scott McNealy against vs. a group led by Schwartz for the deal. Price isn't supposed to be the biggest issue, despite IBM apparently lowering its bid following extensive due-diligence.

Regardless of how this plays out - and it's likely the saga hasn't yet reaches the end of the telling as yet - bet Sun's stock price gets clobbered tomorrow morning, especially as the WSJ also says there are no other suitors waiting in the wings ....