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.
- A New Threat In The Cyber Space Post Heartbleed
- Powering Your Business With Social Media
- BlackBerry Taps Biz Users With Movirtu Acquisition
- Why Oracle's Larry Ellison is Leaving The Top Job
- Gear Up C-Suite, Employees Want Mobile Workspace
- Infosys Inks Deal With Huawei On Cloud, Big Data
- Cognizant Buys US-based TriZetto To Drive Healthcare Biz
- Cyber Security Linked To Better Communication
- Wipro To Create More Data Scientists
- How Companies Can Derive Business Value From Cloud