Oracle takes on Sun Microsystems

Oracle has announced that a bid of 7.4 billion dollars has been Sun Microsystems

. The announcement of the bid comes just days after the takeover negotiations between Sun and IBM were final piece.

Oracle biedt 9,50 dollar per aandeel, wat neerkomt op een totaal bod van 7,4 miljard dollar. Oracle's bid is 10 cents higher than the last offer from IBM, which previously had made a bid of 10 dollars per share. According to Oracle, the total value after deduction of debts Suns 5.6 billion dollars. The bid was unanimously approved by the Board of Directors of Sun Microsystems, but will also need to be approved by shareholders and various competition authorities.

With the acquisition Oracle enters relatively unknown territory and becomes a major player in the server market. The declaration of Oracle CEO Larry Ellison appears that Oracle customers an all-in-one solution wants to offer. "The acquisition of Sun transforms the IT industry, because the best business software combined with important computer systems. Oracle is the only company that a completely integrated system of application to drive supplies and ensure that all parts work together without the customer what it needs to do. Our customers benefit because their integration costs fall while performance, safety and reliability of their systems grow, "says Ellison.

The acquisition is for Oracle one of the main ever, because the company now, among other Java and Solaris practical. Oracle Fusion Middleware, one of Oracle's fastest growing components, is based on Suns Java language and software. In addition, the Solaris operating system the main system for Oracle's database and that has been the main sport for Oracle. Through the acquisition of Sun may be Oracle database optimization for Solaris. The open source community need not fear, according to Oracle for the acquisition, the company continues to own as committed to Linux and other open platforms as it was for the acquisition.

"Oracle and Sun are pioneers in the industry and work more closely together than twenty years. This combination is a natural evolution and our relationship will change the industry," said Scott McNealy, chairman of the board of directors of Sun. The company expects revenue to be higher than those of earlier acquisitions of BEA, PeopleSoft and Siebel together and will come to 15 cents per share at the end of the first year after the acquisition.

Oracle takes on Sun Microsystems

By: raam rahim

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