Sun Microsystems To Cut 3,000 Jobs As Oracle Deal Drags On

afgun writes with news that Sun will be shedding 3,000 jobs, roughly 10% of their workforce, as they continue to lose money while waiting for EC regulators to approve their acquisition by Oracle. "Oracle Chief Executive Officer Larry Ellison said Sept. 22 that Sun is losing about $100 million a month as the transaction is delayed by the EU probe." James Staten, an analyst with Forrester, said, "The longer a cloud of uncertainty hangs over Sun, that drives customers into delays of purchases or into the hands of competitors. This is a very trying time for Sun and Oracle as they wait for an answer." A spokesman for EU Competition Comissioner Neelie Kroes said today that she "expressed her disappointment that Oracle failed to produce, despite repeated requests, either hard evidence that there were no competition problems or a proposal for a remedy to the competition concerns identified by the commission," and that "a rapid solution lies in Oracle's hands."

Comments

Cloud Computing is Evil!!1!

[MobileTatsu-NJG]

"The longer a cloud of uncertainty hangs over Sun, that drives customers into delays of purchases or into the hands of competitors...

I just don't see why Sun needed to use the cloud for uncertainty. Companies have been doing this for years without the cloud. Now they can't control it!

OssSQL survey says!

[Anonymous Coward]

SELECT * FROM oracle WHERE competitor = 'mysql';

Empty set, 2 warnings (0.01 sec)

Re:OssSQL survey says!

[Monkeedude1212]

INSERT INTO oracle
(acquisitions)
SELECT employees
FROM competitors c
WHERE c.Company = 'mysql';

ALTER TABLE oracle RENAME COLUMN acquisitions TO interns;

Are you sure you would like to commit the following transactions?

Re:Good news for Apple

[Anonymous Coward]

Apple will be able to cherry pick the top engineers from Sun and continue its relentless assault on every other version of Unix (and suck unix-alikes like Linux). GO APPLE!

Go zealots! Save that economy!

Re:I must be missing something

[gtall]

Wow, that's the first time I've seen Oracle used as a verb. You've been Oracled on must mean something like Larry has peed on your rose bushes (egads, not again). Solaris probably will get Oracled on.

Re:MySQL isn't nearly worth the losses Sun is taki

[IGnatius T Foobar]

If they were rational they would have jettisoned MySQL at the first sign of EU resistance.

But they aren't Rational. Rational is owned by IBM.

Re:Nancy Kroes?

[syousef]

Erm, she is called Neelie Kroes.

Nancy is Neelie's hotter evil twin sister.

That's easy

[ClosedSource]

"Yes, the problem is that the rank-and-file know exactly which half could be cut."

Sure, the other half.