Comments
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Cloud Expo on Google News


2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Oracle Cracks Open a Piggybank To Pay for Sun
Oracle sold $4.5 billion worth of debt last week, intending to use at least some of the money for its acquisition of Sun

Oracle sold $4.5 billion worth of debt last week, intending to use at least some of the money for its acquisition of Sun.

It'll be laying out roughly $7.4 billion in cash to buy all of Sun's outstanding shares but with what Sun will have left in the bank after its debts are paid the purchase is expected to cost Oracle only about $5.6 billion.

What it doesn't use for Sun is earmarked for other acquisitions and general corporate purposes, Oracle said.

It raised the money after the Justice Department asked for more information about the proposed merger, extending its normal 30-day review.

Oracle's outside lawyers claimed the review was going smashingly and "all that's left is one narrow issue about the way rights to Java are licensed that is never going to get in the way of the deal." They are still expecting the takeover to close this summer.

Although second requests are fairly unusual, Oracle's acquisition of Sun was supposed to present less of an antitrust issue than if IBM had actually gone ahead and bought the joint. That could have been a deal breaker, which is exactly what Sun was afraid of opening the door to Oracle.

Oracle ostensibly did the deal to get its hands on Java.

The acquisition also has to clear the European Commission, which will probably get whatever Java-related details - or notice of any concessions - the DOJ wants. Oracle said it would file the papers with Brussels this month seeking clearance. Normally an EC review takes 25 days.

Sun shareholders are supposed to vote on the acquisition July 16.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

Enterprise Open Source Magazine Latest Stories . . .
Apache Deltacloud, the Red Hat-contributed ReSTful API that abstracts differences between clouds so services on any cloud can be managed – provided of course there’s a driver – has graduated from the Apache Foundation’s incubator and is now a full-fledged Top-Level Project (TLP). The...
With Cloud Expo 2012 New York (10th Cloud Expo) just four months away, what better time to start introducing you in greater detail to the distinguished individuals in our incredible Speaker Faculty for the technical and strategy sessions at the conference... We have technical and st...
AMD said late Tuesday that its chief sales officer Emilio Ghilardi had left the company and that CEO and president Rory Read is going to do his job while a replacement is sought. AMD didn’t say why Ghilardi left but it’s assumed Read wants his own people. Read is relatively new to th...
During the lifespan of M3 (Monitis Monitor Manager) there has always been something lacking – timers. M3 execution procedure was outlined in this previous article. The execution mentioned in the latter was a one-time-execution, whereas server monitoring requires periodic invocati...
Red Hat is putting its bought-in Gluster scale-out NAS storage technology, acquired in October, on the Amazon cloud. It’s styled Red Hat Virtual Storage Appliance for Amazon Web Services and other clouds are supposed to follow in short order.
A new episode of the screencast series is now available at the OpenNebula YouTube Channel. This screencast demonstrates the new easily-customizable self-service portal for cloud consumers. Its aim is to offer a simplified access to shared infrastructure for non-IT end users. The scree...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE