Posted on 04/20/2009 6:44:15 AM PDT by Mike Fieschko
Business software maker Oracle Corp. said Monday it has entered into a definitive agreement to buy server builder Sun Microsystems in a deal worth $7.4 billion.
Oracle (ORCL, Fortune 500) said it will buy Sun (JAVA, Fortune 500) common stock for $9.50 per share in cash, a 42% premium from Friday's closing price of $6.69.
After accounting for Sun's cash and debt, the deal's value is $5.6 billion, the companies said.
The Redwood Shores, Calif.-based Oracle said it expects Sun to contribute over $1.5 billion to its operating profit this year, and over $2 billion in the second year.
On a per share basis, Oracle expects Sun "to be accretive" to its adjusted earnings by at least 15 cents in the first full year after closing. The deal is expected to close this summer, Oracle said.
The announcement comes after Sun reportedly rejected a $7 billion buyout offer from IBM (IBM, Fortune 500) earlier this month.
[snip]
Oracle said it sees "strategic customer advantages" to owning two of Sun's most popular software products: the programming language Java and the Solaris operating system
[snip]
The deal is subject to Sun stockholder approval, certain regulatory approvals and customary closing conditions.
(Excerpt) Read more at money.cnn.com ...
“Oracle get MySQL as well.”
I thought MySQL was freeware? Sort of like Java. So, ownership is almost meaningless?
It’s only money.
Is there a Linux port to the Sun workstation?
“MySQL is owned and sponsored by a single for-profit firm, the Swedish company MySQL AB, now a subsidiary of Sun Microsystems,[3] which holds the copyright to most of the codebase. The project’s source code is available under terms of the GNU General Public License, as well as under a variety of proprietary agreements. “
http://en.wikipedia.org/wiki/MySQL
Thanks.
Bottom line will be that MySQL won’t be killed by a database company that has every reason to want to kill it.
They don’t really have a good reason to kill it. Oracle’s products are way too high end for what people use MySQL for. Also, people are migrating to PostgreSQL anyway, which is totally open source:
Nice!
I can't figure out why Firebird hasn't caught on more widely.
I use it exclusively for all my development work. It's a mature, scalable and robust SQL database. At LEAST the equivalent of MS SQL Server in my experience.
Todays starts the annual MySQL Users Conference and early response is not good. I work for MySQL (and now Sun) and have had several customers catch me in the hall ways asking what is going on and if they should not panic.
If someone were to pick up the Python module and carry it forward I bet you’d see more usage:
http://www.firebirdsql.org/index.php?op=devel&sub=python
Oracle has a bad habit of over charging for every thing.
“They don’t really have a good reason to kill it. “
Sure they do. Oracle has dabbled in desktop DBs in the past. If Oracle could get into that market and make it a gateway to their Enterprise DB they’d do it in a second.
I realize Oracle’s current DB stuff is generally high end, but they do have that small office version. Oracle is an interesting company. Their DB is top shelf, but painfully expensive. The rest of their stuff, the middleware, portal, etc. Junk. Absolute junk.
ping
Nope, I didn’t know that. The last time I used a Sun computer was before I got into Linux, and I never bothered to check into using it on a Sparc machine.
Maybe Oracle will finally release a Java compiler which emits actual executable rather than bytecode. I love programming in Java, but in my opinion the drawback of having to install a JVM on every machine, and making sure it’s the correct version of the JVM, is significant. Performance would also be improved, as Java programs are not overly speedy. And yes, I do know about Excelsior Jet.
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