Oracle - Java: Oracle Buys Sun Microsystems

Oracle Corporation (NASDAQ: ORCL) and Sun Microsystems (NASDAQ: JAVA) announced last week they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt. "We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis in the first full year after closing. We estimate that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in the first year, increasing to over $2 billion in the second year. This would make the Sun acquisition more profitable in per share contribution in the first year than we had planned for the acquisitions of BEA, PeopleSoft and Siebel combined," said Oracle President Safra Catz.

The Board of Directors of Sun Microsystems has unanimously approved the transaction. It is anticipated to close this summer, subject to Sun stockholder approval, certain regulatory approvals and customary closing conditions

--Iyen

“Think Before You Print” – Paper-Print Facts

Paper Facts 1 ton of paper = 400 reams = 200,000 sheets 1 tree makes 16.67 reams of paper or 8,333 sheets  Printing Facts Average employee prints 1 page per day 500 pages = 1 ream 17 reams = 1 tree 85 staff use paper produced by 1 tree every day Company with 1000 staff team consumes 282 trees a year.   --Iyen

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NEED IT ! A Success Mantra

If you need something badly enough,
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life seems useless and worthless without it.
if you would be glad to sweat for it, fret for it, and plan for it,
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If you go after the thing that you want with
all your faith, hope, confidence, strength, sagacity,
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If dogged and grimed you besiege and beset it and finally with the help of god you will achieve the thing that you desire.