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.”
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About the author
Faisal Basra
Faisal Basra is an independent consultant, software developer, writer, blogger, speaker, architect and technology leader in Lahore, Pakistan. He has been a professional software developer since 2008, has been writing code since 2006.
Having hands on experience of popular Java EE frameworks & technologies like JSF, Spring, Hibernate, Enverse, JPA, Richfaces, Primefaces, JSP/Servlet.
I have taken many initiatives while working with teams. Some of includes Automated Build & Release Management system via Hudson, Maven, Archiva & SVN.
Blogging is my hobby and I also initiated blog at corporate level from setting up complete blog for company, content generation strategy and visibility over the Internet by Internet Marketing.
Framworks & Technologies:
JSF, Richfaces, Primefaces, Openfaces, Struts, Hibernate, Spring, ORMLite
Tools & Servers:
jUnit, Log4j, Maven, Eclipse, MyEclipse, NetBeans, Tomcat, Jboss, WebLogic
Mobile Development:
Google Android
Marketing:
Internet Marketing, Mobile App Marketing
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