Sun shareholders will vote on Oracle deal on July 16
Sun Microsystems has scheduled a special shareholders meeting for July 16 for a vote on whether to accept Oracle's US$7.4 billion proposal to buy the company. Sun's board has unanimously recommended the transaction go through.
The industry has been abuzz with speculation about how Oracle, which made its bid in April, will handle Sun's assets and influence, particularly its stewardship of the Java programming language and the open-source MySQL database.
Some have also questioned whether Oracle is truly interested in Sun's hardware business and will instead sell it to another company. A proxy statement filed by Sun in connection with the merger states that Oracle's initial interest focused on "certain of Sun's software assets."
But in a May 7 interviewwith Reuters about the acquisition, Oracle CEO Larry Ellison said the company "is definitely not going to exit the hardware business."
IDG News Service
Sign up for ITworld's Daily newsletter
Follow ITworld on Twitter @IT_world
On Twitter now
sun
Powered by Twitter
Esther Schindler
If the comments are ugly, the code is ugly
claird
SVG a graphics format for 21st century
pasmith
Take Chrome OS for a test spin
Sandra Henry-Stocker
Solaris Tip: Have Your Files Changed Since Installation?
jfruh
Android fragments vs. the iPhone monolith
mikelgan
What Gizmodo missed about the Pro WX Wireless USB disk drive
Where Google Chrome security fails: the password
I heard mention that the Chrome OS will have some sort of encryption available a la bitlocker. If it's possible to encrypt personal data using another password or key, then it may have potential for very secure data.... And Ubuntu has an 'encrypt home directory' option, perhaps google should follow suit.
- Dann
Join the conversation here
Quick, practical advice for IT pros. Made fresh daily.
Want to cash in on your IT savvy? Send your tip to tips@itworld.com. If we post it, we'll send you a $25 Amazon e-gift card.
