Results tagged “sunmicrosystems”

Over the next year, and due to Oracle's takeover, Sun Microsystems plans on eradicating over 3,000 jobs. According to CBS 5/BCN, "They are the latest in a series of job cuts at the server and software maker, whose prolonged financial troubles led to the $7.4 billion deal with Oracle in April." Good luck out there, Sun folks.

Doing what IBM failed to do earlier this month, Oracle will purchase computer server and software maker Sun Microsystems for around $7.4 billion, or $5.6 billion net of cash, 9.50 per share. Oracle megalord Larry Ellison boasted about the buy, saying in a statement, “Oracle will be the only company that can engineer an integrated system—applications to disk—where all the pieces fit and work together so customers do not have to do it themselves ... Our customers benefit as their systems integration costs go down while system performance, reliability and security go up.” This deal will also give Oracle control over Java programming language and Solaris. (Jason Brooks of eWEEK explains it all in finer detail, right here.)

For a hefty $6.5 billion in cash, IBM is in talks to purchase Sun Microsystems Inc. The deal could happen as early as this week. While Sun has been "struggling since the tech bust of 2001 to find its place" by cutting thousands of jobs and focusing on open-source software, the company has all but lost the shine from the dot-com era. News of IBM;s plan to take over the ailing company sent Sun shares skyrocketing to "$3.05, up 61 percent, to $8.02 in morning trading." IBM shares, however, were down "$2.46, or 2.7 percent, to $90.45."

Santa Clara-based Sun announced today that it will lance up to 6,000 jobs. Why? Because Sun's shares have sunk so far that it's "driving the company's market value below its cash on hand." That is to say, investors now think "the company itself is essentially worthless." Due to Sun's eight years of continued financial chaos, Hewlett-Packard Co., IBM, and Dell are all currently circling above its near-dead body. Look for the tech giant to be bought out in the very near future. (AP)

So it had to happen and it did-- somebody sued the federal government about all those extra security measures going down in the airports. The dude who did it, John Gilmore, did so under the guise that the policy violated his right to be free of unreasonable searches. He lost most of the cases and the Supreme Court, perhaps due to Judge Rehnquist undergoing some sort of bad acid flashback, rejected the case.

Advances in technology have permitted a slight change in the SFist Tech format: look for briefer Roundup articles on Friday, like this one. The more long-winded, dense and impenetrable posts you're used to seeing will happen throughout the week, focused on one topic at a time.

A close friend of SFist has been fending off some hacker attacks of late. If any of our readers can offer guidance in protecting a box or tracking down some hackers to plead our case for them not to harass friendlies, we'd greatly appreciate it -- especially if they happen to speak Portuguese.

Techie talk round up.