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Christo — Thu, 11 Jun 2009 13:53:06 +0000

Oracle to buy Sun Microsystems for a Ka-jillion Dollars

Christo — Mon, 20 Apr 2009 17:52:46 +0000

Hot off the presses! Oracle has decided to buy the Sun Microsystems for over $7 billion. The deep talks between Sun Microsystems and IBM has already fallen apart. That gives major rise to Oracle’s hopes of buying the IT giant, which produces the widely accepted programming language Java. Oracle has announced that it will pay $9.50 per share. Good ol’ Sun Microsystems has already refused the IBM offer of $9.40 per share. It’s not known whether Sun Microsystems will respond positively to Oracle’s offer or not. However, the deal will give a boost to Oracle’s position against the IBM, as both are considered as bitter rivals.

Oracle Corp. announced a deal to buy Sun Microsystems Inc. for $7.4 billion, a surprise union of software and hardware companies that emerged following failed talks for International Business Machines Corp. to buy Sun. Oracle, which has been snapping up smaller software companies for several years, agreed to pay $9.50 a share for Sun. The companies valued the transaction at about $5.6 billion, excluding Sun’s cash and debt. As of Dec. 28, Sun had about $2.6 billion in cash and short-term investments and about $700 million in long-term debt. IBM is “highly unlikely” to reenter the bidding for Sun, according to people familiar with the matter. – from WSJ

Larry Ellison has always wanted to be the Steve Jobs of the enterprise. With this morning’s announcement that Oracle will buy Sun Microsystems for $7.4 billion, he took a big step towards making Oracle more of a soup-to-nuts provider of enterprise technology. With Sun, he will now be able to build and package together everything from chips and servers to operating systems, Java middleware, databases, and enterprise applications. – from TechCrunch

IBM withdraws $7 billion offer for Sun Microsystems

Christo — Mon, 06 Apr 2009 17:14:07 +0000

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IBM’s ‘Open cloud’ plan sparks dissent

Christo — Mon, 30 Mar 2009 15:15:40 +0000

A plan by IBM to launch an industry-wide ‘open’ cloud computing strategy has seemingly backfired amid accusations of closed deals. Google pulled out after signing up and Amazon said it would not get involved. Microsoft criticised the plan, saying it was given two days to sign up to a “secret” manifesto with no input. “We had concerns about process and governance that led us to question IBM’s intentions,” Microsoft’s Steve Martin told BBC News. – From BBC

IBM in talks to buy Sun Microsystems

Christo — Wed, 18 Mar 2009 15:13:00 +0000

I.B.M. is in talks to buy Sun Microsystems in a proposed deal valued at nearly $7 billion, a person with knowledge of the negotiations said on Wednesday. The merger, if completed, would mark a big consolidation step in the market for server computers used in corporate data centers — and one that could prompt an antitrust challenge. Together, the two companies would have about 65 percent of the market for server computers running the Unix operating system and 42 percent of the total server market. – From NY Times