This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Oracle Outlines Plans for Sun

Stocks in this article: ORCL JAVA DELL IBM HPQ MSFT

Updated with Oracle CEO Larry Ellison's comments on Sun layoffs.

REDWOOD SHORES, Calif. ( TheStreet) -- Today, Oracle (ORCL) vowed to build a new breed of technology company, after it completed the acquisition of Sun (JAVA) .

Although traditionally a database software company, Oracle will now combine its core technology with Sun's server and storage offerings, as well as tightening its links with Sun's MySQL, Java and Solaris software. On the server side, Oracle promised "differentiated" products, focusing on more expensive, specialized machines.

"We're not too interested in the commoditized x86 market -- there are other people that do that, Dell (DELL) or whoever," said Oracle co-president Charles Phillips.

Oracle, which competes with IBM (IBM), Microsoft (MSFT), Hewlett-Packard (HPQ) and SAP (SAP), will offer customers a "pre-integrated" and "pre-engineered" mix of different technologies, according to Phillips.

"There's simply no other company that can claim they are in the complete systems business," Phillips said during a webcast outlining the company's strategic plans for Sun. "The other companies simply don't have all the components, they are simply not in the market."

Oracle CEO Larry Ellison also took the stage late in the five-hour webcast, and promptly launched a diatribe against sections of the press and some analysts.

The Oracle chief explained that he was "very upset" to see recent articles in the press saying that his company planned to lay off half of Sun's 29,000-strong workforce.

"That's a highly irresponsible thing to print," he added. "The Sun people have gone through enough angst without reading this garbage."

Ellison went on to explain that Oracle is actually hiring 2,000 people. "That's twice as many people as we will be laying off - we're hiring, not firing."

Sun, he added, will be profitable from the first full month Oracle owns the company. "The Sun business is going to grow," explained Ellison. "We just have to do a better job of taking this wonderful engineering output and delivering it to customers."

Oracle president Phillips also vowed to maintain Sun's strong open source credentials during his presentation, something which had initially prompted concern from European regulators. The executive was at pains to depict his own company as a friend of the open source community.

"Nothing changes in our commitment to open standards," he said. "We want to become what IBM was in the 1960s, but on open standards -- all our next-gen applications are written on Java.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs