The SUN has finally set at Redwood Shores

We’ve been debating the merits of a possible IBM-Sun deal for a while now, and even Sun itself seemed to be in the dark as to if it would be a good idea to be bought by IBM. These debates are now all moot: in a surprise move (at least, I didn’t see any speculation about it) Oracle has bought Sun Microsystems, at USD 9.50 a share, which equates to a total of 7.4 billion USD. The news got out through a press release.

“Oracle Corporation (Nasdaq: ORCL) and Sun Microsystems (Nasdaq: JAVA) announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt. “We expect this acquisition to be accretive to Oracle’s earnings by at least 15 cents on a non-GAAP basis in the first full year after closing. We estimate that the acquired business will contribute over $1.5 billion to Oracle’s non-GAAP operating profit in the first year, increasing to over $2 billion in the second year. This would make the Sun acquisition more profitable in per share contribution in the first year than we had planned for the acquisitions of BEA, PeopleSoft and Siebel combined,” said Oracle President Safra Catz.”

“This is a fantastic day for Sun’s customers, developers, partners and employees across the globe, joining forces with the global leader in enterprise software to drive innovation and value across every aspect of the technology marketplace,” said Jonathan Schwartz, Sun’s CEO, also in the press release, “From the Java platform touching nearly every business system on earth, powering billions of consumers on mobile handsets and consumer electronics, to the convergence of storage, networking and computing driven by the Solaris operating system and Sun’s SPARC and x64 systems. Together with Oracle, we’ll drive the innovation pipeline to create compelling value to our customer base and the marketplace.”

“Sun is a pioneer in enterprise computing, and this combination recognizes the innovation and customer success the company has achieved. Our largest customers have been asking us to step up to a broader role to reduce complexity, risk and cost by delivering a highly optimized stack based on standards,” said Oracle President Charles Phillips. “This transaction will preserve and enhance investments made by our customers, while we continue to work with our partners to provide customers with choice.”

The deal has received unanimous approval of Sun’s board, and is likely to go down this summer, after shareholder approval.

About Oracle

Oracle (NASDAQ: ORCL) is the world’s largest enterprise software company. For more information about Oracle, please visit thes Web site at http://www.oracle.com.

About Sun Microsystems

Sun Microsystems, Inc. (NASDAQ: JAVA) develops the technologies that power the global marketplace. Guided by a singular vision — “The Network is the Computer” — Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://www.sun.com.

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Sun Buys MySQL, Gets Oracle for an Enemy

Sun Buys MySQL, Gets Oracle for an Enemy
— Sun, Oracle’s sometimes best friend, turned into an Oracle competitor this morning when it said it was buying MySQL, the open source database that’s part of the famous LAMP stack. It’s paying a billion dollars. MySQL was supposed to go public this year but picked the easier monetization route. Sanford C. Bernstein estimates MySQL?s financial position at breakeven on $60 million-$80 million on trailing 12-month revenues although over 100 million copies of the database have been downloaded. Sun is paying $800 million cash for MySQL’s stock and assuming about $200 million in options. But Sun has been known to overpay for acquisitions before. Remember its fatal $2 billion Cobalt Networks deal?

Article URL: http://iphone.sys-con.com/read/486678.htm

Using Java Database Connectivity (JDBC) with Oracle

 

Use JDBC to access a relational database from a Java application, no matter where the application is running or where the database is. Bulusu Lakshman describes Oracle database access in Java using JDBC. Learn the details, from the querying and returning of result sets to executing DML from the Oracle 8i database. Oracle JDBC extensions are also discussed and a case study is presented to illustrate the concepts.