European Commission (EC) has objected to Oracle's proposed takeover of Sun Microsystems, casting doubt on the $7.4bn (£4.4bn) deal.The commission has issued a preliminary assessment raising concerns that the takeover could hurt competition in the computer database market.The deal between business software firm Oracle and hardware and software maker Sun was first announced in April.They are the latest...
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The European Commission (EC) has objected to Oracle Corp's proposed $7.4 billion acquisition of Sun Microsystems, saying that the deal could threat competition in the market.The statement of objections was regarding the combination of Sun's open source MySQL database product with Oracle's enterprise database products and its potential negative impact on competition in the market, Sun Microsystems said...
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objecting to Oracle Corp.'s agreement to acquire Sun Microsystems Inc., European Union regulators have ventured into a thorny legal area and could strain the bloc's regulatory relationship with the U.S.EU and U.S. antitrust authorities in recent years have had amicable ties—in large part because neither has moved aggressively against mergers. That marks an improvement from 2001, when the EU's rejection...
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FRANCISCO: European antitrustregulators have formally objected to Sun Microsystems' planned $7.4 billion saleto Oracle, escalating a battle over a deal that has already been cleared in theUS.The so-called ‘‘statement of objections'' that Sunreceived from the European Commission isn't entirely surprising, since thecommission already had expressed concerns about possible harm to the databasemarket from...
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NEW YORK: Computer maker Sun Microsystems Inc suffered a 25 per cent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business. Lower operating expenses helped Sun Microsystems curb its fiscal first quarter loss to $120 million, or 16 cents a share compared with $1.68 billion, or $2.24 a share, a year earlier, according to a filing with the US Securities and Exchange...
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ll set to enter the next year’s Pikes Peak Hill climb in Colorado, with its autonomous TTS rally car.The TTS has been developed by the Volkswagen’s electronics research lab (Stamford University) and Sun Microsystems with an aim of producing a car that is able to drive autonomously at the speed and the style, expected normally by a pro rally driver.Audi is planning to convert the TTS to fly with the...
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NEW YORK/WASHINGTON: The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc, throwing the $7 billion deal into question. The commission said in a preliminary assessment that combining Sun's MySQL database product and Oracle's products could hurt competition in the database market, Sun said in a filing with the US Securities and Exchange Commission....
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York/Washington: The European Commission has objected to Oracle Corp's (ORCL.O) acquisition of computer maker Sun Microsystems Inc (JAVA.O), throwing the $7 billion deal into question.The commission said in a preliminary assessment that combining Sun's MySQL database product and Oracle's products could hurt competition in the database market, Sun said in a filing with the U.S. Securities and Exchange...
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visitSun Microsystems Inc. continued to suffer from delays in closing its purchase by Oracle Corp. and other problems, particularly in the company's server systems business.The Silicon Valley company reported late Friday that total revenue for the fiscal first quarter ended in September declined 25%. Revenue from new products dropped 33%, while unit sales of servers were off 41%.Sun, of Santa Clara,...
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Oracle Corp. company headquarters in Redwood Shores, California. Photo Courtesy: AFPEuropean antitrust regulators have formally objected to Sun Microsystems Inc.'s planned $7.4 billion sale to Oracle Corp., escalating a battle over a deal that has already been cleared in the US.The so-called "statement of objections" that Sun received Monday from the European Commission isn't entirely surprising, since...
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