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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."
Microsoft

Get on the 'Gates for President' Bandwagon 654

netbuzz writes "Dilbert's Scott Adams kicked off the idea in his November 19th blog post, saying there isn't anything wrong with this country that President Bill Gates couldn't cure in less time than it takes to get a new operating system out the door. Today, the idea is moving forward with a brand-new 'Bill Gates for President' Web site. Adams is also back on the campaign trail, flogging the site and Gates' candidacy." A blog post at Network World includes a lot of eye-rolling about this idea, but neither Adams nor the folks at the 'Gates for President' website seem to be taking this lightly.

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