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

Posted by Soulskill on from the don't-let-the-sun-go-down-on-me dept.

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."

7 of 251 comments (clear)

  1. Since it is EU that is dragging by WindBourne · · Score: -1, Troll

    Hopefully, the bulk will come from there. My guess is that doing so would speed up the decision to an over night one.

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    I prefer the "u" in honour as it seems to be missing these days.
    1. Re:Since it is EU that is dragging by RightSaidFred99 · · Score: 0, Troll

      Oh bullshit. There is no monopoly in the database market, there isn't even a duopoly. This whole thing is ridiculous and the US needs to take action. Fuck those EU bureaucrats.

  2. EU is to blame by toxygen01 · · Score: -1, Troll

    Fuck EU. Dragging the deal because of OSS product. Stupid.

  3. This is goat5ex by Anonymous Coward · · Score: -1, Troll

    Under the GPL. t4e reaper BSD's

  4. Re:Aren't these both US companies? by jellomizer · · Score: 0, Troll

    It is the EU job to keep down all those awful American Based Companies. If these companies had a strong European presence do you think they would be as hard on them. Probably not.

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    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
  5. Re:Aren't these both US companies? by Anonymous Coward · · Score: -1, Troll

    I wish they would leave, and leave you Eurotrash pricks scrambling for... for... for what exactly I am at a loss to say. Someone tag this story "andnothingofvaluewaslost."

  6. Re:Did the US regulators have the same concerns? by mcgrew · · Score: 0, Troll

    Did the US regulators have similar concerns? If not, why not?

    Because apparently, our government is beholden to business and business only and is corrupt as hell as well, and Europe's governments aren't?

    To me it seems a bit "convenient" that, in an economy where many jobs have to be lost anyhow (and as a merger is occurring, which may also naturally lead to job losses) people are blaming job losses solely on the regulators doing their jobs and not on sharp practice, opportunism or plain lack of co-operation from large multinationals operating in a cutthroat market.

    Amen to that.

    --
    Free Martian Whores!