It's a good shock to IBM today given by Oracle, when it announced to acquire Sun Microsystems. The deal is valued approximately $7.4 billion.
Here is what Oracle president Safra Catz says about this acquisition.
“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,”According to Oracle, This acquisition will provide the most important software "Java" to Oracle. After acquisition of Sun Microsystem, Oracle becomes a major hardware player. What Oracle CEO Larry Ellision says about this agreement.
“The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems, Oracle will be the only company that can engineer an integrated system – applications to disk – where all the pieces fit and work together so customers do not have to do it themselves. Our customers benefit as their systems integration costs go down while system performance, reliability and security go up.”Looking forward to see the future of most popular open source database MySQL, which was recently acquired by Sun Microsystems.
The official press release from Oracle Corporation is here.
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