Oracle to Buy Sun - Yahoo! Finance
Oracle to Buy Sun - Yahoo! FinanceSun and Oracle have entered into a definative agreement for Oracle to purchase Sun.
Oracle will acquire Sun common stock for $9.50 per share in cash. This values Sun at about $7.4bn.
Oracle can utilise Sun's Solaris and Java platforms (and may even keep the hardware business going so they have an optimised hardware base which will allow Oracle appliances etc.). However the future of MySQL has not been mentioned and may not be so rosy.
Oracle may well drop MySQL and leave it to the community to keep going.
posted by Steve Kennedy @ 11:58 AM
1 Comments:
The favored sector is Tech and this sector has held the top position over the last 12 months. Growth stocks are also a hot item of late, the market sees the economy in a more positive view for the second half of the year and this should bode well for growth stocks. An additional upside of 6% is expected from current market levels to the end of the year. The majority of this optimism is due to the market rally since March, investors believe the market has bottomed. Regardless of the expected drop (approximately 20%) in earnings this year, a common consensus is the rebound in 2010 will be in the double digits. I’m certain Oracle has this information in mind prior to its acquisition.
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