Gearfuse

The other week, IBM was going to buy Sun and the world seemed to be in equilibrium. But that deal fell through and Sun was left standing in the middle of the street with its pants down. Lucky for J. Schwartz & Co., Larry Ellison’s Oracle Corporation decided to use flex its power and purchase Sun Microsystems for about $7.4 billion.

What does this mean? Aside from the consolidation effect this economy is having on a lot of companies, Oracle will now be positioned as one of the biggest tech companies to ever exist, especially by adding MySQL to its coffers after Sun acquired the company last year. Additionally, Oracle can now enter the hardware business (or get out of it) and bundle its software with servers and the like. A fine day as two tech giants collide.

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Nokia and Motorola are only two of the companies which have been rumored to be buying out Palm later this week for up to a cool $2 Billion. The acquisition of Palm would not only put the company purchaser ahead in the game with smartphone production, but would also wipe out a signifigant competitor, while gaining rights in using the well known Palm brand name.

Palm has also been rumored to be forming a private equity deal with either Texas Pacific Group and Silver Lake Partners, which any company would then acquire on purchase. All companies decline to make any statement, but something definitely seems to be brewing. Its worth mentioning that Palm stocks have increased 5% since the rumor mill has been turning on a buy out. The last few months show a 33% increase in Palm’s stocks worth. — Andrew Dobrow

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It is an open secret that Palm is short of capital and resources, but recently there’s been noise coming out that Palm is in fact actively looking to be acquired, and Nokia is in talks with the company. Palm might be able to increase the momentum of product release, which is actually one of the reasons of the disappointing sales last quarter; in return, Nokia might get more access to the American market let alone the business market, which the E series is not as recognized as the Treo, or RIM Blackberry. There’s also news that Motorola might also be in talks. –Sam Chan

Article [Softpedia]