The Inquirer-Home

Sun shareholders approve acquisition by Oracle

Almost a done deal
Fri Jul 17 2009, 12:02

SUN MICROSYSTEMS' stockholders approved the big tin company's acquisition by Oracle at a special shareholder meeting on Thursday.

The owners of about 62 per cent of Sun's common stock voted for the sale, which will see Oracle pay $9.50 per share to buy the company. In acknowledgment of the vote, Sun's stock will be taken off the market today.

The acquisition has yet to be approved by US and foreign regulatory authorities, but analysts believe the sale will go through without any objections. By buying Sun, Oracle will transform itself from a software and services company into a hardware, software and services company in the same league with other diversified information technology companies like IBM and HP.

Oracle's future competitors aren't waiting for the deal to go through, however. At least one, HP, is already offering special transition deals to existing Sun customers to entice them to migrate from Sun systems to HP servers, as some customers worry that Oracle might drop Sun's hardware business or drive it into the ground after it gets its paws on it. µ

L'Inq
Sun

Share this:

Comments
x86

Sun does x86 boxes as well.

posted by : Deadsoul, 24 July 2009 Complain about this comment
HP migration

This mention of HP offering existing Sun users the switch to HP systems got me curious. How does this sort of thing happen? These users are probably using Sun UltraSparc chips, perhaps with Solaris and other software compiled for Sparc. But whatever you're running there probably won't run on HP natively if HP's systems use x86 or non-Sparc chips. Do they port users' apps and OSes to run on x86 (or some other chip)?
Or do they offer new OSes and apps that run natively on x86 that have the ability to work on their existing data (just like, say, the way OpenOffice can replace MS Office and work with all your data)?

posted by : ronch, 18 July 2009 Complain about this comment
aboutus
Advertisement
Subscribe to INQ newsletters
Advertisement
INQ Poll

Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

Do you think the move was justified?