Another Idea...
It could be that IBM and Apple are going into a deal where IBM buys Apple stock, and Apple buys IBM processors. Just as, a few years ago, MS bought Apple stock, and Apple made IE the default browser. The current arrangement with MS seems to be working well, and, seeing as Motorola can't crank out enough G4/G5's for Apple, a similar arrangement seems possible, if not likely, between Apple and IBM.
This is where the word "buy" comes in and how the rumor got blown out of proportion. Although IBM may buy Apple stock, if the above were to occur, it wouldn't be IBM buing Apple itself.
It could be that IBM and Apple are going into a deal where IBM buys Apple stock, and Apple buys IBM processors. Just as, a few years ago, MS bought Apple stock, and Apple made IE the default browser. The current arrangement with MS seems to be working well, and, seeing as Motorola can't crank out enough G4/G5's for Apple, a similar arrangement seems possible, if not likely, between Apple and IBM.
This is where the word "buy" comes in and how the rumor got blown out of proportion. Although IBM may buy Apple stock, if the above were to occur, it wouldn't be IBM buing Apple itself.