Oracle Plans High-end Computer Systems
Software maker Oracle Corp, which is near to closing its $7 billion acquisition of computer maker Sun Microsystems Inc, intends to develop a line of high-end computer systems.
Post-acquisition, Oracle plans to focus on selling computer systems that combine hardware and software, and hire 2,000 people in sales and engineering department, Oracle Chief Executive Larry Ellison said in an interview to The Wall Street Journal.
The report quoted Ellision saying that he expected systems that combine hardware and software to become a multibillion-dollar market and that the company will announce two such systems in the next year.
The new hires will outnumber the cuts Oracle is making in Sun’s head count, which stood at 27,596 as of September 30, Ellison said in the interview. Oracle is widely expected to slash Sun’s workforce.
"We are not cutting Sun to profitability, we think that this business will be profitable immediately," Ellison said, adding, he plans to transform Oracle into a company that is as serious about server systems — the big back-office computers used for processing corporate data — as it is about business software.
- RBI Releases Framework On Payments Systems
- High-End Smartphone Market To Boom By 19 Per-Cent
- Meet The World's 12 Highest-Paid Tech CEOs
- Oracle Hires 1000 Sales Experts For Asia Pacific
- Stent Manufacturers Drop Prices By Over 30pc: Study
- Beware, Hackers Are Trying To Sneak Into Your Life!
- 12 Biggest Tech Acquisitions Of All Time
- Microsoft Buys LinkedIn; Strengthens Enterprise Social Media Biz
- Decoding PaaS Model Of Cloud Computing
- Ransomware: Hackers Infiltrating Secured Systems