Updated with Oracle CEO Larry Ellison's comments on Sun layoffs.
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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV