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Oracle completes acquisition of Sun Microsystems

(AP) -- Oracle says its $7.4 billion purchase of Sun Microsystems has been completed.

Technology / Business

created Jan 27, 2010 | popularity not rated yet | comments 1

EU clears Oracle takeover of Sun

(AP) -- The European Union on Thursday cleared Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc., saying it would not significantly affect competition in the EU.

Technology / Business

created Jan 21, 2010 | popularity not rated yet | comments 0

Oracle expects EU to approve Sun deal next month

(AP) -- Oracle Corp. said Thursday that its profit jumped 12.5 percent in the latest quarter and that it expects the European Union will finally approve its $7.4 billion purchase of Sun Microsystems Inc. ...

Technology / Business

created Dec 17, 2009 | popularity not rated yet | comments 0

EU regulators softening stance on Oracle-Sun

(AP) -- European Union regulators appear to be softening their opposition to Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc., a shift that has resurrected some investors' hopes that one of the year's ...

Technology / Business

created Dec 15, 2009 | popularity 5 / 5 (1) | comments 1

Brussels welcomes Oracle's concessions in Sun bid

The EU's competition watchdog on Monday welcomed concessions made by US business software giant Oracle over its bid for Sun Microsystems, saying the deal is now likely to be approved.

Technology / Business

created Dec 14, 2009 | popularity not rated yet | comments 0

EU antitrust chief slams senators on Oracle deal

(AP) -- The European Union's antitrust chief said Tuesday that U.S. senators who pressed her to approve Oracle Corp.'s takeover of Sun Microsystems Inc. should stop interfering in Europe's affairs and prioritize U.S. health ...

Technology / Business

created Dec 08, 2009 | popularity 3 / 5 (2) | comments 4

Senators press EU to speed its Oracle-Sun probe

(AP) -- U.S. senators are pressuring European antitrust regulators to hurry their investigation of Oracle Corp.'s proposed acquisition of Sun Microsystems Inc., citing Sun's "precarious" financial condition and fears about ...

Technology / Business

created Nov 24, 2009 | popularity not rated yet | comments 0

EU extends Oracle/Sun review deadline until Jan 27

(AP) -- European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc.

Technology / Business

created Nov 20, 2009 | popularity 3 / 5 (1) | comments 0

Microsoft's cloud computing system is growing up

(AP) -- Microsoft Corp. leads its industry in part because a vast army of outside computer programmers design software that only runs on its Windows operating system. Now, the company is fighting to keep those programmers ...

Technology / Software

created Nov 17, 2009 | popularity 2.5 / 5 (10) | comments 2

HP's 3Com takeover marks a shot at Cisco

(AP) -- Hewlett-Packard Co.'s $2.7 billion takeover of 3Com Corp. is a shot at networking leader Cisco Systems Inc. - and a sign of how old relationships are being frayed by a flurry of maneuvers by technology ...

Technology / Business

created Nov 11, 2009 | popularity not rated yet | comments 0

EU objects to Oracle's takeover of Sun

(AP) -- European antitrust regulators have formally objected to Sun Microsystems Inc.'s planned $7.4 billion sale to Oracle Corp., escalating a battle over a deal that has already been cleared in the U.S.

Technology / Business

created Nov 09, 2009 | popularity 5 / 5 (5) | comments 0

Sun CEO's pay package cut by a third in '09

(AP) -- The value of Sun Microsystems Inc. CEO Jonathan Schwartz's latest pay package dropped 37 percent from last year as the company lost more than $2 billion and was in such dire financial shape that it ...

Technology / Business

created Oct 29, 2009 | popularity not rated yet | comments 0

Sun cutting up to 3,000 jobs as awaits Oracle deal

(AP) -- Sun Microsystems Inc. plans to eliminate up to 3,000 jobs, or 10 percent of its worldwide work force, as it awaits a takeover by Oracle Corp., a deal being held up by antitrust regulators in Europe.

Technology / Business

created Oct 20, 2009 | popularity not rated yet | comments 0

IBM sees better profit despite tech sales slump

(AP) -- IBM Corp. is a rare example of a company that has kept boosting profit and jacking up its guidance even as the recession has sapped its sales.

Technology / Business

created Oct 15, 2009 | popularity not rated yet | comments 0

Oracle's Larry Ellison to IBM: 'make our day'

(AP) -- Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle over business software performance.

Technology / Business

created Oct 15, 2009 | popularity not rated yet | comments 0