Oracle buy Sun
I knew something was cooking, when IBM announcement was made SUN’s stock jumped like a rocket, then when deal was off, at least from talk perspective stock did retreat, but please don’t tell me people did not know somehow that something else is cooking, how come stock did not go down to previous levels or lower as it usually does after such situation? Well inside traders knew something that others (such as myself) had no idea, I could only speculate something was out in the air as stock only did drop to over $6. So now another announcement is made and look at this. Stock went back to over $9. Interesting, I hate those inside traders, those people who makes millions or even billions by just having access to the right information that others don’t.
SANTA CLARA, Calif., April 20, 2009 — Sun Microsystems (NASDAQ: JAVA) and Oracle Corporation (NASDAQ: ORCL) announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.
www.sun.com/third-party/global/oracle/index.jsp
This certainly could be quite interesting in development and see how will it play. Maybe Oracle can keep most of SUN’s items as comparing to IBM it was obvious that there would be to much in common and redundant and they would not carry forward with all technologies. Wonder what will happen to MySQL since Oracle has its own DB, maybe they will keep it? I certainly hope so as I really do enjoy mysql myself, its easy and small, and I certainly hope Oracle will not destroy it by packing to much crap on top of it as they did it to Oracle (Remember Oracle when it was like 8 or even 9i? How small it was and how fast it was? Look at it now at 10g and 11, how massive, how much disk space and memory it does require to just run it or start it. At my current job when we do not have enough swap space allocated to global zone we cannot even start some Oracle instances because on a start it does require swap space… why? swap should not even be used. Anyway so I hope Oracle will not just destroy it… 
But its exciting news I think…
