In a brilliant retrieve from the really nasty situation it was in after its
deal to get bought by IBM fell apart, Sun surprised everybody who thought it
had no options left – which was practically everybody – by turning up
this morning with a deal to get bought by Oracle, Sun’s sometimes best
friend. Oracle, Silicon Valley’s avaricious maw, agreed over the weekend to
buy Sun for $9.50 a share, a total of $7.4 billion or $5.6 billion less
Sun’s cash and debt.
un chairman Scott McNealy called the marriage of the “two titans” a
“momentous day” that “refines the industry.” The Sun deal is not as
big as Oracle’s acquisition of PeopleSoft, BEA or Siebel but gives Sun a
42% premium to last Friday’s $6.69 close.
The money is a bit sweeter than the $9.40 a share IBM had reportedly
ultimately offered, but failed to reach the $10.50 neighborhood where IBM and
Sun supposedly ... (more)
MySQL Journal on Ulitzer
Monty Widenius, the creator of the MySQL open source database – which is
apparently all that stands between Oracle and its acquisition of Sun –
thinks that Oracle shouldn’t have his baby and that the European Commission
– whose investigation into MySQL has put the Oracle-Sun merger in limbo –
should force Oracle to spit it out to another company.
Oracle CEO Larry Ellison, a guy with a collector’s temperament not given to
letting things that belong to him go, has said he wants to keep MySQL and has
claimed to be watching Sun’s revenue plunge by $100 million... (more)
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Whoever hacked Sony and compromised the data in 100 million user accounts,
reportedly the second-biggest US data theft ever, used Amazon's EC2 cloud to
Bloomberg says the culprit or culprits simply rented a server using a fake
name. It was quoting an unnamed source, who told the wire service the account
has been shut down.
As Bloomberg explained all it takes to rent servers from EC2 is a name, an
e-mail address, a password, a phone number, a billing address and a verified
credit card. Presumably it was a stolen credit card.
The FBI, which joined the hunt for the perpetrat... (more)
As the clock ticks and the September 3 deadline nears, speculation is rising
that the European Commission may throw a spanner into the Oracle-Sun merger
and delay things another four months.
Reuters said late Tuesday that EC regulators were fretting over the
competitive implications of Oracle’s acquisition of MySQL and debating
whether to open a full-scale investigation.
If the EC decides to probe, the acquisition could get a pass, a fail or get
loaded down with conditions, dragging out any resolution until late December,
Further delays will give IBM and HP even m... (more)