The job reduction was listed
in the company's latest filing with the U.S. Securities and Exchange
Commission. Sun has slashed thousands of jobs across the world
over the past few years, attempting to reduce losses as its open
source software and servers lose marketshare to competitors.
CEO Larry Ellison said Sun
is losing nearly $100 million per month, and will continue to
lose money as regulators wait to close the $7 billion deal. Sun
said it will have to suffer $75 million to $125 million charges each
quarter if a deal isn't reached.
The acquisition was
welcomed by analysts, who note Oracle being able to fold Sun's
software -- and struggling hardware business unit -- will give the
company yet another tool to compete with IBM.
Even though the
European regulators are still investigating the acquisition,
Gov. Arnold Schwarzenegger endorsed the deal, which he says could
help spur technological innovation in the state.
remain concerned a possible deal would give Oracle a monopoly,
offering it an unfair advantage in the database software market that
it already controls. Reports indicate a final decision from
regulators will be available by Sunday, November 19.
quote: far outpacing .NET