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Oracle Sun Microsystems

European Commission Approves Oracle-Sun Merger 144

rubycodez writes "The anti-trust body of the EU, the European Commission, has approved Oracle's acquisition of Sun Microsystems, believing competition would be preserved. It saw PostgreSQL as a viable independent alternative to MySQL and that market access to Java would not be restricted. Uncertainty about Sun's future has cost over a billion dollars in lost sales in the past year."
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European Commission Approves Oracle-Sun Merger

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  • Re:Rrrreally (Score:5, Informative)

    by Lunix Nutcase ( 1092239 ) on Thursday January 21, 2010 @11:22AM (#30846230)

    Okay [].

    Oracle CEO Larry Ellison claims the European Commission’s prolonged investigation of Oracle’s proposed acquisition of Sun, which isn’t expected to finish much before the agency’s mid-January deadline, is costing Sun $100 million a month in revenues and a weakened revenue stream will impact how many employees Sun gets to keep if and when the acquisition is approved.

    And this isn't the only citation you can find.

  • "lost sales" (Score:3, Informative)

    by Tom ( 822 ) on Thursday January 21, 2010 @11:38AM (#30846440) Homepage Journal

    Pfft. Same argument as the RIAA about piracy. "We certainly would have made $x bazillion, if only..."

    Please, if you ever want to aspire to anything higher than tabloid journalism, do at the very least two things:
    1 - add the word "estimated" or something to that effect when you're pulling figures out of your (or someone elses) ass
    2 - do not use the word "cost" for lost sales or other imaginary did-not-happen income. Cost is when an expense has happened, i.e. money has been spent. Money that never came in is never a "cost".

  • Re:Rrrreally (Score:3, Informative)

    by tgd ( 2822 ) on Friday January 22, 2010 @09:36AM (#30858640)

    Making false statements about financials in a public company leads people to spend a fair bit of uncomfortable time in prison.

    If Larry Ellison is making those statements, you can be 100% sure they can be backed up with hard financial data.

"The trouble with doing something right the first time is that nobody appreciates how difficult it was." -- Walt West