Investors active in the IT sector were shocked on the morning of 3/18/09 as they awoke to news that International Business Machines [IBM: 91.95, 0.00 (0.00%)] is working to make its largest acquisition ever when the offered to buy Sun Microsystems [JAVA: 8.89, 0.00 (0.00%)]. The important thing to consider here is whether this aligns with IBM’s overall strategy and reinforces their competitive edge over the likes of Hewlett-Packard [HPQ: 28.99, 0.00 (0.00%)], Cisco [CSCO: 16.50, 0.00 (0.00%)], and Oracle [ORCL: 15.83, 0.00 (0.00%)]. So where do I stand on this acquisition, after all, don’t acquisitions destroy shareholder value? Initially, one could say that this is a terrible move for IBM. Who wants a company that posted a loss per share of -$2.40, and has been unable to shake off