Monday, April 20, 2009

Oracle Buys Sun

Yes, it's not an April Fool, but it has been announced officially at this site. Oracle is buying Sun for $9.50 per share in cash, which will be approximately $7.4 billion, lot bigger than amount of money spent by Sun to buy MySQL.

Why does Oracle interested in Sun? Because most of Oracle's product are based on Java, so by owning Sun, which developed Java, they can invest more money to make it more compatible and robust for their own products. Besides Java, one of the product that might be interesting for Oracle is Solaris. We might see more Solaris running Oracle in the future big grin

1 comment:

  1. A survey conducted by Citigroup amongst major institutional investors provided the following insight on todays markets:
    The favored sector is Tech and this sector has held the top position over the last 12 months. Growth stocks are also a hot item of late, the market sees the economy in a more positive view for the second half ofthe year and this should bode well for growth stocks. An additional upside of 6% is expected from current market levels to the end of the year. The majority of this optimism is due to the market rally since March, investors believe the market has bottomed. Regardless of the expected drop (approximately 20%) in earnings this year, a common consensus is the rebound in 2010 will be in the double digits. I’m certain Oracle has this information in mind prior to its acquisition.