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Oracle acquires sun microsystems

It’s official — Oracle has bought Sun Microsystems for approximately $7.4 billion dollars, or $9.50 per share in cash.  The net value of the acquisition, discounting Sun’s cash and debt, is $5.6 billion.  Oracle expects that the merger will bring in profits of $1.5 billion in the first year and about $2 billion in the […]

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The logo at Seagate Headquarters

Seagate lays off employees the second time this year

As more and more companies are now facing the blow of global recession, drastic measures are implemented to ensure survival and even growth in this time of economic crisis. One of the leading companies in the hard drive and storage solutions industry, Seagate announced a few weeks that it is initiating its restructuring plan. As […]

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