Oracle to Reveal Sun Strategy, Confident of EC Approval
Oracle is now confident enough that the European Commission will finally sanction its acquisition of Sun Microsystems that it has called a press conference to unveil its post-acquisition strategy for 2010 and beyond.Oracle's complicated nine-month-long mission to acquire Sun Microsystems will come to an end at some point in the next seven days.
The world's second-largest software company is now confident enough that the European Commission will sanction the acquisition that on Jan. 20 it called a news conference for Jan. 27 to unveil its "Oracle+Sun" strategy for 2010 and beyond.
At the event, CEO Larry Ellison will outline plans for the combined companies, reveal product road maps and position the enlarged company as a full-service IT product and service provider in the same league as IBM and Hewlett-Packard.
The event will be Webcast globally. Details are available here.
Oracle and Sun sources had nothing more to say on the record Jan. 20 about the impending regulatory approval or the Jan. 27 event.
There's a lot riding on this transaction. The career fates of thousands of employees at Sun hang in the balance. Thousands of Sun shareholders and a large number of its corporate customers are also waiting for the long-stalled deal to close, for it affects them all in numerous ways.
On Dec. 16, eWEEK learned through knowledgeable sources that the standoff between Oracle and the EC antitrust regulators had been broken and that an agreement was imminent. Paperwork and legal communications are all that remains of the long, tiresome tussle over the future of Sun and its open-source MySQL database.
The EC, which serves as the law enforcement body of the 27-nation European Union, said it would make a decision by Jan. 27 about whether to sanction the deal so that Oracle can acquire Sun and continue to do business in Europe as a full-service systems vendor. Oracle does more than 20 percent of its business in Europe.