Sun Microsystems to cut 3000 jobs
Sun Microsystems has announced that they would cut around 3000 jobs sometime next year.
Sun is in the process of getting acquired by Oracle and they are looking for approval from the European regulatory bodies.
The delay means that Sun is losing money and they have to cut costs to stay [...]
Bill Gates is still the richest man on planet Earth
Forbes has published their latest list of the richest individuals in the United States.
As expected, Microsoft co-founder Bill Gates is at the top with a net worth of USD 50 billion.
His close friend Warren Buffett of Berkshire Hathaway is second with a [...]
Larry Ellison not happy with delay over Sun Microsystems acquisition
Oracle CEO Larry Ellison has revealed that Sun Microsystems is losing around USD 100 million every month.
Oracle is in the process of acquiring Sun but the deal has been delayed by the European regulatory bodies.
He said: “The longer this takes, the more money Sun [...]
Dean Nelson leaves Sun Microsystems to join eBay
Dean Nelson was in charge of the Sun Microsystems’ global data-center strategy.
He has now announced on his blog that he is leaving Sun to join online auction industry giant eBay.
He would now become the senior director in charge of eBay’s global data-center strategy.
He replaces Olivier [...]
Microsoft still interested in Yahoo deal
Microsoft has said that they still see a lot of value in collaboration with Yahoo.
Microsoft has no intentions of acquiring Yahoo however.
Microsoft CEO Steve Ballmer said: “I have said many times that we no longer are interested in acquiring Yahoo, but we’d see the potential to create real [...]
Oracle acquires Relsys International
Database industry giant Oracle has made yet another acquisition.
They have now acquired Relsys International.
Relsys International specializes in drug safety and risk management technology.
They serve the health sciences industry.
Oracle did not reveal the financial aspects of this latest acquisition deal.
Oracle did mention that they expect this deal to close [...]
SAP: Sales are dropping
German software maker SAP has notified that their sales went down massively last month.
Analysts say that this could be due to less spending by companies due to widening financial crisis in the US market.
This revelation led to a major drop in the stock price of SAP. It also affected their major [...]
Oracle acquiring ClearApp
Database industry giant Oracle has announced that they are now acquiring ClearApp.
ClearApp specializes in developing software for managing the performance of composite applications in SOA environments.
The two companies expect to complete the deal by the end of the year.
Oracle said that they would be using technologies gained by this acquisition in [...]
Global Knowledge Software acquired by Oracle
Database industry giant Oracle has announced that they are now acquiring Global Knowledge Software.
Global Knowledge Software specializes in developing enterprise software training automation tools.
Their clients include Oracle itself in addition to Microsoft and SAP.
Oracle was using their technologies to develop their own Oracle User Productivity Kit which complimented their Oracle [...]
Oracle now acquires Skywire Software’s application business
Database industry giant Oracle continues to acquire more companies as it aims to offer more products and services.
Oracle has now acquired Skywire Software’s application business.
The financial aspect of this latest deal has not been revealed.
This comes after Oracle announced their acquisition of AdminServer last month.
The companies said that Skywire [...]
