Posted by Cognito on Mon, Apr 20 2009

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Industry in a Box? Oracle buys Sun and Wall Street could benefit....

In a "cash deal worth $5.6 billion", Oracle has agreed to purchase the struggling Sun Microsystems. This may be a new era for Wall Street as consolidating companies may help firms do the heavy lifting of integration. Steve Hamm of BusinessWeeknotes that the "deal creates in essence a smaller version of IBM, complete with hardware, software, storage, and services." Oracle realizes that these synergies could certainly be tailored for certain industries such as financial servcies. Hamm points out that on the Oracle investor call executives suggested that "they may engineer ready-to-deploy servers preloaded with software for target industries, what he called "a complete industry in a box."

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