Oracle Corporation’s acquisition of Sun Microsystems should worry the public sector because the enlarged entity could lead to price hikes and “vendor lock-in”, according to an IT analyst.
Steve Hodgkinson, Research Director, public sector IT, Ovum, told FutureGov that the deal will hold appeal to some public sector agencies because the new company can offer an “application to disk solution”, which may be seen as a lower risk approach to IT procurement. (more…)
Oracle’s (NASDAQ: ORCL) $7.4 billion purchase of the software and server company was given a thumbs-up from the U.S. Department of Justice but the EC is holding off on its verdict until sometime early next year.
In the filing, Sun (NASDAQ: JAVA) officials said the layoffs will represent about 10 percent of the company’s 29,000 employees and will be done in phases over the next year.
Once the layoffs are completed, the company expects to absorb between $75 million and $125 million in restructuring charges. The cuts will come from all its major regions including North America, Europe, Asia and other emerging market, company officials said in the filing.