Oracle to Reveal Sun Strategy, Confident of EC Approval

 
 
By Chris Preimesberger  |  Posted 2010-01-20 Email Print this article Print
 
 
 
 
 
 
 

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.



 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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