Sun stockholders approve Oracle merger
Sun’s stockholders have voted to approve the agreement where Oracle will acquire Sun common stock for $9.50 per share in cash.
Sun’s stockholders have voted to approve the agreement where Oracle will acquire Sun common stock for $9.50 per share in cash.
Sun has reported preliminary financial results for its Q4 fiscal year 2009 period.
Sun expects revenues for the fourth quarter of fiscal 2009 in the range of $2.580 to $2.680 billion, as compared with $3.780 billion for the fourth quarter of fiscal 2008.
Sun anticipates GAAP net loss per share for the fourth quarter of fiscal 2009 in the range of $(0.24) to $(0.34). On a non-GAAP basis, Sun expects net loss per share in the range of $(0.06) to $(0.16). Non-GAAP net loss per share excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, settlement income, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments.
This Register article talks about ZFS getting data deduplication capabilities later this year.
According to this article from internetnews.com, the Department of Justice will not fast track approve the Oracle-Sun merger due to concerns over Java. However, Oracle’s legal counsel ensures compliance with all of the DoJ concerns.