This morning there was an official announcement that Oracle has offered to buy Sun Microsystems for $9.50 per stock, and Sun’s board agreed. The market rumors surrounding Sun for the last few weeks suggested that something was looming. But, Oracle was a surprise to me. It looks like closing the deal typically takes from 3 [...]
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My employer (Sun Microsystems, Inc.) has announced another round of layoffs, which will eliminate as much as 18% of Sun’s workforce (around 6000 jobs), will save the company $700 million to $800 million. We have also announced the departure of the head of Software Group, Rich Green. With this we are restructuring the Software Group [...] |
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Copyright © 2010 Praveen Kumar - All Rights Reserved. |
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