Enter your Email Address


Useful Links

Know What The Insiders Are Doing!
Stock Trading Software

More Links




[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Oracle Outmaneuvers IBM, Makes Deal for Sun

Money Morning (April 20th, 2009) Writes:
By Don Miller Associate Editor Money Morning In a surprise move yesterday (Monday), Oracle Corp. (ORCL) pounced on the opportunity to buy Sun Microsystems Inc. (JAVA), for about $7.4 billion in cash, stepping in after Sun’s talks with International Business Machines Corp. (IBM) fell apart. The deal gives Oracle control of server and software maker Sun’s coveted Java programming language and brings to a close Sun’s 27-year reign as the maverick of Silicon Valley. Java is the dominant language of the Internet and runs on over 1 billion devices worldwide. The acquisition is in line with Oracle’s overall business strategy. Oracle, the world’s second-biggest software maker, has dropped $34.5 billion on buyouts since 2005, making it the most aggressive software company in the hi-tech field. "The deal would strengthen Oracle’s position against IBM. Oracle has done a good job ...

Newsletter

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.