GF (GLobalfoundries) is after IBMs IPs and not fabs (fabs are worthless but I guess not to POET, they won't be since we can produce POET/PET in old fab settings), maybe if we get the deal with GF they will be able to use the fab for POET/PET production.

There is so much more on this deal on the net, just search and remember the deal isn't over yeat (isn't signed).

"More recently, IBM has become a smaller player in the custom ASIC business that is strapped with older fabs, and the focus of the company is shifting more toward just software and services, especially after the sale of the x86 business to Lenovo. As a result, it makes logical sense to for IBM to finally walk away from the semiconductor business. The company appears to have accepted this conclusion and began discussions with GlobalFoundries to sell the group"

"It was clear from the beginning that only the modern Fishkill fab held some potential value. The other Vermont fabs are outdated and are not needed by any of the major foundry players like GlobalFoundries, Samsung, and TSMC[1]. So, the fate of those facilities has been sealed for some time. Even the value of the Fishkill fab is in question because it is more of a development facility and all three of the major semiconductor foundries have or are in the process of bringing up new fab capacity. So, in the end, IBM’s capital investment may be worthless, unless as a sunset foundry (a foundry that specializes in older processes and supporting clients for long life cycles)."

"What is of value is the semiconductor expertise at IBM and the intellectual property (IP) the company still holds. However, as the uncertainty drags on, the valuable staff will continue to depart. This will eventually leave the company with little more than the IP and only one option – close the group. Such action would cost the company in restructuring charges, which may or may not be offset by the sale of the IP. This would demonstrate poor fiscal responsibility."

http://www.tiriasresearch.com/dont-be-foolish-ibm/

cheers