Oracle blinks on Sun deal

Filed under: Oracle Corp (ORCL)

When it comes to enterprise databases, the name Oracle (ORCL) is usually the first one that comes to mind. This is why it was inevitable that the company's proposed $7.4 billion purchase of Sun Microsystems (JAVA) would encounter headwinds from the antitrust authorities, especially the European Union due to the fact that Sun owns the open-source database system, MySQL.

While Oracle can often use lots of bluster, the company is also a realist. And, it certainly wants to close its deal for Sun, which has been languishing because of the uncertainty.

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Oracle blinks on Sun deal originally appeared on BloggingStocks on Mon, 14 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.

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