Oracle is jumping straight into the computer hardware market with an announced purchase of Sun Microsystems Inc. for $7.06 billion. The announcement spurred surprise and shock in the industry, as many wonder if Oracle can boost profitability at Sun's hardware unit in fierce competition with IBM, Hewlett-Packard, Dell etc.
"It's an out-of-the-box, left-field type of a deal because Oracle ... [ read the full article ]
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I guess you could say I'm one of the shocked ones the article mentions. I hope Sun maintains its originality in all of this. Sure, the stock is up today, but we'll see what it does. Me, I guess I'm glad I didn't invest like I intended to. If I had the money, I probably would have.
Quote:Sun will add $1.5 billion to Oracle's operating profit in the first year, and it will rise to $2 billion by the second year, according to Oracle.
Okay, so they're planning on this deal paying itself off in less than 5 years for Oracle. A lot less if the second part of that cocky comment by Oracle proves true.
This was the talk at work yesterday, I wonder how this will effect sun systems. This isnt Oracle's realm at all. I guess the freeware databases might finally be catching up to Oracle and hurting their pockets. MySQL ftw!!!
