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Sun Microsystems

Oracle Buys Sun 906

bruunb writes "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."
Transportation

Submission + - OpenStreetMap buying satellite images to map Gaza (brainoff.com)

LeedsTracker writes: "Recognising that current online maps of Gaza are not great, Mikel Maron is leading a project within OpenStreetMap to put that right. Monies have (mostly) been raised to buy satellite pictures, and OpenStreetMappers have volunteered to trace features from the imagery when it arrives. They're going to need help from people familiar with Gaza's geography who can match names to traced roads, buildings, towns etc. Obviously, people actually in Gaza have higher priorities at present, but ex-pats and aid workers (for example) could be helpful here."

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