REVIEW: MarketWatch comment on the article, said today, because with the delays in the completion of the transaction Oracle, Sun plans layoffs in the next 10 months 3,000 people. In fact, no matter from which point of view, Sun have become a part of Oracle. The EU seems to not recognize this. Following is the text of the article:
Last month, Oracle CEO Larry Ellison (Larry Ellison) had a meeting in Silicon Valley, said the EU approved the issue of their acquisition of Sun longer delay, so more people will lose their jobs.
This is certainly not pointless.
In Tuesday submitted a document which is surprising, Sun side said, because they deal with delays in the completion of Oracle, the company plans layoffs in the next 10 months 3,000 people. The layoffs in the next few quarters will trigger a sizeable expenditure is expected to be from 75 million to 125 million U.S. dollars between.
Although not formally merge the two companies, but goes without saying that we can from this troubled system and software companies see in the Oracle (ORCL) the shadow of an iron fist. Sun's Web site did not even tell investors when they will release their first-quarter results, although the practice, the financial statements are generally in the October quarter earnings were released.
Ellison was in the Churchill Club on the audience that Sun is currently suffering losses of 100 million U.S. dollars per month, such as Hewlett-Packard (HPQ) and other competitors are trying to use their trade existed among the variables, to lure Sun's customers make a fresh start.
"Of course I understand that the EU has its own work to do, but the longer they delay, Sun, therefore the greater the loss of wealth, it is certainly not a good thing." Ellison said, "We hope to complete the transaction as soon as possible, save as many jobs. "
No matter from which point of view, Sun in fact has become part of Oracle. The EU seems to not recognize this.
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