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.