11 result(s) displayed (1 - 11 of 11):
Executives at Oracle Corp. (NASDAQ:ORCL) and Sun Microsystems Inc. (NASDAQ:JAVA) can breathe a little easier after the Department of Justice approved the $7.4 billion deal. The Justice Department's 30-day time frame for scrutinizing the acquisition was set to expire in early July, but the deadline was extended.Redwood City, Calif.-based Oracle...
Posted on August 21, 2009 9:53 AM
According to SiliconBeat, Tuesday's quarterly earnings call with execs from Oracle Corp. (NASDAQ:ORCL) revealed strong earnings but not much about the software giant's plans for Sun Microsystems Inc. (NASDAQ:JAVA), which it agreed in April to buy for $7.4 billion. Big question: How serious is Oracle about Sun's hardware business?Following the...
Posted on June 25, 2009 10:29 AM
The hiring post should say, "We have $9 billion cash on hand!" Word on the street is Dell Inc. (NASDAQ:DELL) is looking to hire an M&A chief, but dealmakers may be wary of the Round Rock, Texas, company's M&A track record.The Wall Street Journal reported that two people briefed on...
Posted on May 6, 2009 2:22 PM
Oracle Corp. (NASDAQ:ORCL) surprised techies Monday, announcing it would acquire Sun Microsystems Inc. (NASDAQ:JAVA) for $7.4 billion in cash, a 42% premium to Sun's Friday close. The deal moves Oracle into the hardware market in a big way. ZDnet.com says Oracle has been dabbling in storage appliance with Hewlett-Packard...
Posted on April 20, 2009 8:49 AM
As expected, shares of Sun Microsystems Inc. (NASDAQ:JAVA) nosedived Monday morning on news that a proposed deal with IBM Corp. (NYSE:IBM) had collapsed. Shares were down nearly 25% midmorning. The companies haven't issued any formal statements, but some reports speculate that talks broke down, in part, because IBM refused to...
Posted on April 6, 2009 12:08 PM
Talks about IBM Corp. (NYSE:IBM) acquiring Sun Microsystems Inc. (NASDAQ:JAVA) reportedly continue. Neither company has confirmed the discussions, but observers are nevertheless speculating about how a deal might affect suppliers and competitors.Adding Sun's server business would give IBM, already the biggest maker of server computers, almost half the global server...
Posted on March 27, 2009 9:27 AM
Rivals claim that the technology titan is stifling competition and innovation in the mainframe market.
Posted on March 23, 2009 12:52 PM
Citing people familiar with the matter, The Wall Street Journal reported that IBM Corp. (NYSE:IBM) is in talks to acquire Santa Clara, Calif.'s Sun Microsystems Inc. (NASDAQ:JAVA) for at least $6.5 billion in cash.The two companies have a common interest in that both make computer systems for corporate customers that...
Posted on March 18, 2009 9:06 AM
Thursday's news of AT&T Inc.'s planned 12,000 job cuts, costing it $600 million, is a more of a shock than a surprise given the global financial crisis. The U.S. telecom giant cited economic pressures and a changing business mix as reasons for the 4% work force reduction. That's consistent with...
Posted on December 4, 2008 4:02 PM
Sun Microsystems Inc. and Microsoft Corp. have created a search alliance regarding Sun Micro's Java technology -- a striking development since Microsoft has paid more than $2 billion over the years to settle lawsuits filed by Sun claiming it was misusing Java. The deal announced Monday calls for Sun...
Posted on November 10, 2008 4:09 PM
Our sister blog, Tech Confidential, notes that the lack of private equity buyers and the dismal condition of the public markets have put mergers and acquisitions in technology on the back burner. A report from the 451 Group said that the number of deals announced in the first quarter dropped...
Posted on April 3, 2008 3:34 PM
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Juergen Lasowski
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