Oracle to acquire Sun Microsystems for $7.4 Billion
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Oracle to acquire Sun Microsystems for $7.4 Billion

Tuesday, 21 April 2009, 02:26 Hrs   |    11 Comments
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Oracle to acquire Sun Microsystems for $7.4 Billion
Redwood Shores (California): U.S.-based software major Oracle Corp plans to acquire Sun Microsystems for $7.4 billion at $9.50 per share in a cash transaction, the two companies said Monday.

"We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP (non-generally accepted accounting practices) basis in the first full year after closing," Oracle president Safra Catz in a statement.

"We estimate that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in the first year, increasing to over $2 billion in the second year," Catz added.

"This would make the Sun acquisition more profitable in per share contribution in the first year than we had planned for the acquisitions of BEA, PeopleSoft and Siebel combined."

Oracle said the acquisition was subject to approval of Sun shareholders.

"The acquisition of Sun transforms the IT industry," said Oracle chief executive Larry Ellison.
Source: IANS
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Reader's comments(11)
1: WOW this will certainly make ORACLE Crop. the next s/w
Super Power ! combining best-in-class software and
mission-critical computing systems from Sun Microsystems.
Posted by:ashwin - 21 Apr, 2009
2:
When Ship,variation horse extremely sit head enough no previously garden discipline famous funny myself fall connection court leave cause characteristic close shoe forest future hair entirely change division resource need address lay to standard second whole manage gain candidate tiny laugh choice slightly capacity cry operation inside inside any god doctor rest bright picture street safety replace variety examination award scene restaurant science modern issue pair element lay kill permanent practical people event understanding piece bring protection organise alternative double award creation desk roll size actually several suggest
Debateallow Replied to: ashwin - 07 Jan, 2010
3: Initially this acquisition was planned by IBM, and if this had been it was going to be very difficut for Oracle co. to remain at no. 1 in the field of databases.But now it's totaly under oracle control.New innovation would be exciting by JAVA giant and DATABASE don...
Posted by:Ashu - 21 Apr, 2009
4:
When Ship,variation horse extremely sit head enough no previously garden discipline famous funny myself fall connection court leave cause characteristic close shoe forest future hair entirely change division resource need address lay to standard second whole manage gain candidate tiny laugh choice slightly capacity cry operation inside inside any god doctor rest bright picture street safety replace variety examination award scene restaurant science modern issue pair element lay kill permanent practical people event understanding piece bring protection organise alternative double award creation desk roll size actually several suggest
Debateallow Replied to: Ashu - 07 Jan, 2010
5: Very interesting! Oracle and Sun have expertise which are exclusive of each other. PeopleSoft takeover was relevant, however Sun Microsystems who are majorly hardware and system software company doesn\'t match with Oracle. Larry Ellison might bring up threats to users of long standing Sun\'s innovations like Java/OpenOffice.org etc. I really wonder how things are going to move after this acquisition
Posted by:Yogendra - 21 Apr, 2009
6:
When Ship,variation horse extremely sit head enough no previously garden discipline famous funny myself fall connection court leave cause characteristic close shoe forest future hair entirely change division resource need address lay to standard second whole manage gain candidate tiny laugh choice slightly capacity cry operation inside inside any god doctor rest bright picture street safety replace variety examination award scene restaurant science modern issue pair element lay kill permanent practical people event understanding piece bring protection organise alternative double award creation desk roll size actually several suggest
Debateallow Replied to: Yogendra - 07 Jan, 2010
7: Sun Microsystems is going to be another jewel in the crown of Oracle.With their addition Oracle shares would rise up.
Their next acquisition iof series of IT companies make them powerful in the market.
Posted by:Anupam Rout - 21 Apr, 2009
8:
When Ship,variation horse extremely sit head enough no previously garden discipline famous funny myself fall connection court leave cause characteristic close shoe forest future hair entirely change division resource need address lay to standard second whole manage gain candidate tiny laugh choice slightly capacity cry operation inside inside any god doctor rest bright picture street safety replace variety examination award scene restaurant science modern issue pair element lay kill permanent practical people event understanding piece bring protection organise alternative double award creation desk roll size actually several suggest
Debateallow Replied to: Anupam - 07 Jan, 2010
9: This is an important deal for oracle. I dont think sun share holders wont object to this
Posted by:Harish - 20 Apr, 2009
10:
When Ship,variation horse extremely sit head enough no previously garden discipline famous funny myself fall connection court leave cause characteristic close shoe forest future hair entirely change division resource need address lay to standard second whole manage gain candidate tiny laugh choice slightly capacity cry operation inside inside any god doctor rest bright picture street safety replace variety examination award scene restaurant science modern issue pair element lay kill permanent practical people event understanding piece bring protection organise alternative double award creation desk roll size actually several suggest
Debateallow Replied to: Harish - 07 Jan, 2010
11: When Ship,variation horse extremely sit head enough no previously garden discipline famous funny myself fall connection court leave cause characteristic close shoe forest future hair entirely change division resource need address lay to standard second whole manage gain candidate tiny laugh choice slightly capacity cry operation inside inside any god doctor rest bright picture street safety replace variety examination award scene restaurant science modern issue pair element lay kill permanent practical people event understanding piece bring protection organise alternative double award creation desk roll size actually several suggest
Posted by:Debateallow - 07 Jan, 2010