Technology news and Jobs arrow Information Technology News arrow Ellison: Sun losing millions, keeping MySQL
Ellison: Sun losing millions, keeping MySQL E-mail
by Jake Widman   
Wednesday, 23 September 2009
Speaking at a forum in Silicon Valley, Oracle CEO Larry Ellison said that the delay while European Union regulators consider whether to approve Oracle's acquisition of Sun is costing the latter company US$100 million a month. He also insisted that the Oracle would maintain MySQL and outlined an ambitious future for the combined companies.

Oracle's $7 billion bid to acquire Sun Microsystems was announced in April and approved by the U.S. Justice Department in August.

But earlier this month, European Commision Competition Commissioner Neelie Kroes outlined concerns over possible anticompetitive effects "when the world's leading proprietary database company proposes to take over the world's leading open source database company." Kroes said the Commission would make an in-depth investigation of the acquisition, a process that could take until January.

Interviewed by former Sun executive Ed Zander at an event at the Churchill Club, a Silicon Valley business forum, Ellison said the delay is costing Sun about $100 million a month.

"The longer this takes, the more money Sun is going to lose," said Ellison, according to Reuters.

Nevertheless, Ellison said, Oracle has no plans to move MySQL out of the company. "We're not going to spin it off," he said, expressing confidence that the European Commission would come to the same conclusion as the U.S. Justice Department.

Ellison went on to discuss a future in which Oracle is the dominant company in enterprise computing.

Ellison outlines his vision on Page 2.



 
< Next story in category   Previous story in the category >
iTWire user statistics Visitors last 30 days
694,279
Subscribers 15,210
#1 independent technology news advertise here
  •   *  
  • Search
  • AdvSeach
  • Login
  • Events
  • FreeStuff

- Advertisement -

Featured Whitepapers

Follow iTWire on Twitter

About iTWire

iTWire is all about technology news, information, jobs and community for the IT and telecommunications industry professional. Subscribe to our free ICT daily newsletter