Oracle Ropes In Sun

Oracle announced on Wednesday the completion of its $7 billion acquisition of Sun Microsystems. At a briefing on its plans, Oracle pledged to reenergize Sun’s brand name, products and other assets. Further, Oracle said it will continue its commitment to open systems and Java. “We’ll invest in Java One; it’ll just go global,” Oracle Copresident Charles Phillips told an audience at the Oracle conference center in Redwood Shores, Calif. “It’ll be colocated with Oracle Open World, and we’ll add Brazil, Russia, India and China. We can afford to invest in things that Sun couldn’t.”

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