Email
Print
ShareOracle Sees Unconditional EU Approval For Sun
Posted by Bob Evans on Dec 17, 2009 05:03 PM
The European Commission will "unconditionally clear the acquisition of Sun in January," Oracle president Safra Catz has just predicted, while also thanking customers for their "overwhelming" support. Hmm--sounds like Catz knows more than she's saying.
As Oracle announced very strong second quarter earnings and better-than-expected revenue, the company featured this quotation from Catz in its press release:
"We expect the European Commission to unconditionally clear the acquisition of Sun in January," said Oracle President Safra Catz. "I want to thank all of our customers for the overwhelming support they have given us during this process."
The contentious hearings with the EU have dragged on for several months and have resulted in Sun having to lay off many many hundreds of employees while losing up to $100 million per month.
In that context, it would be sharply out of character for Catz to make such a definitive remark unless she had extremely strong assurances from the EU that the deal will in fact be approved.
This is a public forum. United Business Media and its affiliates are not responsible for and do not control what is posted herein. United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of United Business Media LLC and may be edited and republished in print or electronic format as outlined in United Business Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.