that it intended
to purchase Sun in April 2009. The deal was met with resistance
and Oracle ended up fighting to complete the purchase. Governor
Arnold Schwarzenegger from California came out supporting
the deal. The proposed merger also came under regulatory fire in
Europe as well with the European Commission looking closely at the
deal. Ultimately, yesterday Oracle was finally able to announce that
the purchase of Sun was complete. The announcement was made by CEO
Larry Ellison during
EWeek reports that Ellison also spent
time discounting rumors and reports that had popped up in the media.
One of the first rumors that Ellison discounted was that there were
plans to layoff half of Sun's 27,600 workers.
"Some very bad stories in the press recently reported that we
were going to do a massive layoff after the acquisition. That story
is completely false. We are not planning such layoffs. Those who
wrote this should be ashamed of themselves. Sun went through enough
angst without having to deal with this. The truth is, we are going to
hire about 2,000 new people to beef up the Sun businesses—about
twice as many as we will let go."
Ellison also talked
about what Oracle will do with MySQL open-source database software.
He stated that Oracle would spend money on its development and retain
the sales and development teams associated with the product. Oracle
also has plans for integrating features into the Sun SPARC processors
to make the database faster.
During the speech, Ellison was
asked how Oracle plans to make money on Java. He said, "We're
not that concerned about making money on Java itself. We're concerned
with making money on our products that run on Java. We know how to do
that very well, and have been doing it for a long, long time. In
fact, we will focus on growing our Java-related businesses."