Sun Losing $100 Million a Month as Oracle Waits

Courtesy WebProNews - Financial  Tue, 09/22/2009 - 07:57

Sun Microsystems is losing about $100 million a month according to Larry Ellison, CEO of Oracle, the company that's set to acquire Sun.

Oracle is waiting to get clearance from European regulators before the deal can go through and Oracle can step in and try to put an end to this loss.

Though understandably frustrated, Ellison is optimistic about the deal being approved. He conveyed this to his audience in a speech at a Churchill Club event...

Tags:

 

Related items

EU objects to Sun-Oracle deal
European antitrust regulators have formally objected to Oracle Corp.'s $7.4 billion US takeover of Sun Microsystems Inc., citing concerns that the takeover could hurt competition in the...

Why Sun Microsystems Didn't Buy Apple Back in 1995,...
A unique opportunity to hear Scott McNealy, co-founder and former chairman and CEO of Sun Microsystems, in a candid conversation about why they didn't buy Apple back in 1995. If they did buy...

Reports detail true nature of HP's decision to fire...
Those who criticized HP for their decision to force out Mark Hurd, including Oracle CEO Larry Ellison, probably feel a bit red-faced right.

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...

Uniden TRU9496 2-Line Corded/Cordless Digital...
With the Uniden TRU9496 5.8 GHz Digital 2-Line Expandable Phone System is the next generation of 5.8 GHz cordless phones. It's a full-featured digital answerer, with a Dialing keypad and a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com