Sun Micro's Value To Oracle Slides As EU Delays Deal |
| Wall Street Journal - Sep 22, 2009 |
The success of Oracle's $7.4 billion acquisition of Sun Microsystems Inc. (JAVA) rests on the speed with which the European Commission completes its extended antitrust review of the deal to combine the hardware and software giants. And growing evidence suggests that the review is costing Sun business, potentially making it a much weaker entity when the deal closes.
On Monday, Oracle Chief Executive Larry Ellison said the antitrust delay is costing Oracle $100 million a month, according to media reports. His comments follow a report from research firm IDC that among major server suppliers last quarter, Sun saw the largest revenue drop, resulting in market-share losses.
According to people familiar with Oracle's thinking, the company expected the commission's ruling would more closely reflect that of its U.S. counterpart, which quickly approved the deal. The surprise calls into question some of the rationale Oracle made for its purchase of Sun when the companies agreed to the deal earlier this year.
Read Full Article from Wall Street Journal
- Posted: 2009-09-22 12:47:07
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
