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Old 04-20-2009, 10:20 PM   #1
LXer NewsBot
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LXer: In Sun, Oracle Sees a Software Gem

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In its acquisition of Sun Microsystems, Oracle sees a technology company that is a software gem, skillful in computer design and ripe for cost-cutting. The big database software companyís agreement Monday to buy Sun for $7.4 billion, analysts say, also promises to make Oracle a more formidable competitor in the lucrative market for corporate computing, especially against I.B.M., Sunís previous suitor. The Oracle-Sun deal came little more than two weeks after I.B.M. ended its talks with Sun. The Sun board balked after I.B.M. lowered its offer to $9.40 a share from $10. The Oracle bid, at $9.50 a share, will have a net cost to Oracle of $5.6 billion, after accounting for the value of Sunís cash and debt.



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