IGT FOR SALE?

June 09, 2001 7:26 PM
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Tech giants IBM and Microsoft have been rumored as possible suitors should International Game Technology go up for sale.

The possibility that Reno-based IGT, the largest maker of slot machines in the world, may be for sale was bolstered by a report in the June 11 edition of Business Week, which quoted insiders as saying IBM and Microsoft have both expressed interest.

"Either would be acceptable to Chuck," one IGT insider told the magazine, speaking of Chairman and CEO Chuck Mathewson.

Neither Microsoft nor IBM commented on the report.

IGT closed Friday down 17 cents at $65 on the New York Stock Exchange. Earlier in the day it hit a 52-week high of $66.04. The stock had traded as low as $26.25 during the last year.