Oracle Buys Sun Microsystems

Disgraced HP chief eyes new gig at Oracle

(USER SUBMITTED) - You would think that ex-Hewlett-Packard CEO Mark Hurd would quietly lick his wounds and live comfortably off of his $28 million severance. But no: Hurd is rumored to be in talks with friend, admirer, and Oracle CEO Larry Ellison about taking a senior position there, reports the New York Times . It's not clear what position, as Oracle already has Ellison as CEO and has two presidents who run operations. More»

From the improbable to the top secret, it takes all kinds

(NEWSER) - The Business Insider figures you've also wanted to know how your favorite high tech concern got its name. Well, you're in luck! Here goes:

1. SUN Microsystems: It's actually an acronym for Stanford University Network, the school where the founders met.
2. Cisco: Actually not an acronym, as often assumed. It's just San Francisco without the San Fran, which is why the "c" was not capitalized originally.

Chief exec was expected to step down after signals from Oracle CEO

(NEWSER) - Sun Microsystems CEO Jonathan Schwartz is going out in geeky style with a tweeted haiku resignation. Schwartz has been in the crosshairs publicly since the CEO of Oracle, which just acquired Sun, said last week that he expected Schwartz to step down, Mashable reports. “Today’s my last day at Sun. I’ll miss it,” he tweeted, before launching into his poetic offering. More»

Relationship with YaVaughnie Wilkins is over, says Charles Phillips

(NEWSER) - Oracle co-president Charles Phillips admitted last night to an 8½-year “serious relationship” with YaVaughnie Wilkins—the mistress whose picture was splashed on billboards across the country canoodling with Phillips. Gawker tipsters say Phillips, who is also a member of President Obama’s Economic Recovery Advisory Board, has portrayed himself as divorced since at least 2003. But in his statement to NBC , Philips claims his divorce proceedings began in 2008—without explaining why he was attending high-profile events with his wife as recently as last month. More»

(NEWSER) - Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell 33, after a downgrade from Cisco and a report that the Sun takeover deal was in jeopardy. More»