You are not registered yet. Please click here to register!
[Techpowerup.com] (PR) Oracle to Buy Sun Microsystems - i4memory.com - different look at memory

Notices

Reply
 
Thread Tools
Old 21-04-2009, 01:10 AM   #1
News
News Hound
News's PC Specs
 
Join Date: May 19 2008
Posts: 59,513
[Techpowerup.com] (PR) Oracle to Buy Sun Microsystems

Sun Microsystems and Oracle Corporation announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt.
"We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis in the first full year after closing. We estimate that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in the first year, increasing to over $2 billion in the second year. This would make the Sun acquisition more profitable in per share contribution in the first year than we had planned for the acquisitions of BEA, PeopleSoft and Siebel combined," said Oracle President Safra Catz.

More...
News is offline   Reply With Quote
Reply

Bookmarks

Tags
buy, microsystems, oracle, sun, techpowerupcom


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools


Similar Threads for: [Techpowerup.com] (PR) Oracle to Buy Sun Microsystems
Thread Thread Starter Forum Replies Last Post
[Techpowerup.com] Sun Microsystems Rejects IBM Buyout Offer News Reviews & News Online 0 06-04-2009 07:50 PM
[Techpowerup.com] (PR) Sun Microsystems Unveils JavaFX 1.0 News Reviews & News Online 0 08-12-2008 12:00 AM
[Techpowerup.com] (PR) Sun Microsystems Announces World's First One Terabyte Tape Sto News Reviews & News Online 0 15-07-2008 05:53 AM
[Techpowerup.com] Sun Microsystems Trumps Competition with New SSD Drives News Reviews & News Online 0 05-06-2008 05:46 AM
[Techpowerup.com] (PR) Sun Unveils New Systems Powered By Quad-Core AMD Opteron Proce eva2000 Reviews & News Online 0 14-05-2008 06:06 AM


All times are GMT +11. The time now is 04:38 PM.