Suntrust Doesn't See Imminent Deal for Cognos

Suntrust comments on recent M&A speculation in the business intelligence (BI) space, which has centered around Cognos Inc. (Nasdaq: COGN), Hyperion Solutions Corp. (Nasdaq: HYSL), and Business Objects (Nasdaq: BOBJ) as takeover targets.

The firm said the most interesting talk going around is that IBM is ready to buy Cognos. The firm doesn't see an imminent deal for Cognos.

IBM (NYSE: IBM), Oracle (Nasdaq: ORCL) or SAP (NYSE: SAP) are said to be buyers in the space.