Summary: Oracle bought Sun Microsystems for $ 7.4 billion (zdnet)
Oracle and Sun announced Monday that the two sides will sign the acquisition contract to $ 9.50 per share in cash was acquired by Oracle, Sun Microsystems, the entire transaction is equivalent to $ 7.4 billion.
Sun's popular in the dot.com supply server hardware is well-known, but it is best known technology is the Java programming language software. In Monday's announcement, both sides have said, Java is Oracle merger has always been the most important software.
Sun's board of directors has unanimously approved this transaction, the entire transaction is expected to play this summer completed and is currently Sun investors just waiting for permission by the competent authorities and so on.
Last month, IBM will buy Sun Microsystems have been rumors, but Sun is not satisfied the conditions of IBM's bid.
In a news conference Monday in, Safra Catz, Oracle President stressed that the company intends to use Sun's products to make money.
"We will ensure a profit," Catz said he pointed out that after the completion of the acquisition, Oracle will merge software product line as quickly as possible. "We believe we have the ability to use higher profit margins to run the Sun."
Sun in the last quarter net loss of $ 209 million, equivalent to a loss of 28 cents per share, for the entire quarter revenue of $ 3.22 billion, compared to the same period last year fell 11%.
Also in the news conference, Oracle CEO Larry Ellison expressed, Java for Oracle's middleware is "critical", and the company's middleware products have been quick to catch up with the size of the database business. He pointed out that Sun's Solaris software "is the best Unix technology available in the market," but he also praise good Linux.
Sun Chairman Scott McNealy and CEO Jonathan Schwartz also attended this press conference.
"We are very excited by Oracle acquisition." McNealy expressed.
Not optimistic about Oracle's Sun acquisition before Ellison. In 2003, when Oracle was busy acquired PeopleSoft, Ellison has said that "The acquisition of Sun is not a good idea." In the shareholders' meeting of the year on, Ellison said, "Oracle into the hardware industry should not, therefore we can not go acquisitions any hardware company. "
Original: Big Box Oracle bought Sun Microsystems for $ 7.4 billion (zdnet)