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Tuesday, January 22, 2008
Swedish Firm Rounds Out Sun Micro
The best thing I can do is publish the story I wrote,because it remains true.The companies I mentioned are open for business today,regardless of share prices.That should tell you something about today's flash in the market.Sun Microsystems(JAVA) has purchased Swedish firm MySQL for one billion dollars.MySQL is a vendor of open source database software.Its customers include Google(GOOG),You Tube,IKEA and Facebook.The software itself is free,but integration and maintenance services for it are not.It is with these that Sun,which has a deep commitment to the open source concept,intends to make a profit.MySQL provides platforms for the Web economy,and the Web's enabling of cost reductions and efficiency are making the Internet very attractive to consumers and businesses,according to Sun CEO Jonathan Schwartz.MySQL gives peace of mind to customers.The acquisition of MySQL make's Sun's Solaris the only operating system with database software.Together with Java technology,Solaris and MySQL give Sun a fuller circle of software products to complement its breadwinner server systems.Prior to acquiring MySQL,Sun relied on Oracle(ORCL) for databases.The open source concept championed by Sun is both more economical and flexible for Internet companies.Given these advantages,Sun expects to meet or exceed analysts' expectations for its fiscal second quarter earnings and revenue,which will be reported on January 24.Sun has seen 7% bookings growth,with real strength in Asia,Africa and the Middle East.Its products are in the right phase of their life cycles to generate profits as great as,or greater than,expected.Shares of the Santa Clara,California firm were among the best performers in last week's dismal market.
Labels:
Africa,
Asia,
California,
Facebook,
Google,
IKEA,
Java,
Jonathan Schwartz,
Middle East,
MySQL,
Oracle,
Santa Clara,
Solaris,
Sun Microsystems,
Sweden,
You Tube
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