Sun Microsystems News & Latest Sun Microsystems Headlines

Facebook Buys Former Sun Site for New Headquarters

3:25PM 2/08/2011

Company News, Technology, Oracle, Sun Microsystems, Facebook, Credit, Biz Brief

Social networking giant Facebook announced Tuesday it's moving its headquarters into the old digs of server and storage maker Sun Microsystems in Santa Clara, Calif. With the relocation from Palo Alto, Calif., Facebook will snag 57 acres and nine buildings that offer roughly 1 million square feet.

Rising Sun: Oracle Shares Expected to Keep Growing on Sun Microsystems Buy

8:00PM 9/15/2010

By Danny King

Technology, Hewlett-Packard, Oracle, Sun Microsystems, Wells Fargo & Co

Wells Fargo analyst Jason Maynard expects Oracle shares to keep growing in the next 12 months as the result of its acquisition of Sun Microsystems earlier this year. The company is scheduled to report its earnings Thursday.

HP Sues Ex-CEO Mark Hurd Over New Oracle Job

7:15PM 9/07/2010

By Danny King

Technology, Hewlett-Packard, IBM, Oracle, Sun Microsystems, News Corp

Hewlett-Packard (HPQ) is suing its former chief executive, Mark Hurd, after news that he will be taking the post of co-president at competitor Oracle (ORCL). HP alleges that Hurd could end up violating confidentiality agreements by accepting the position.

HP to Settle Justice Department Kickbacks Lawsuit for $50 Million

2:30AM 8/03/2010

By The Associated Press

Company News, Technology, Earnings, Hewlett-Packard, Microsoft, Oracle, Sun Microsystems

Hewlett-Packard shares rose in after-hours trading after the company agreed to settle a lawsuit from the Justice Department, which claimed the company paid kickbacks to get recommendations for government work. The settlement will cost 2 cents per share.

Why Sybase Will Help SAP Gain Ground on Oracle

10:40AM 5/13/2010

By Steve Rosenbush

Hewlett-Packard, IBM, Oracle, Sun Microsystems, SAP

German enterprise software giant SAP stands to be a stronger competitor for Oracle with its $5.8 billion deal for software maker Sybase.

Oracle Doubles Down on Sun Bet with Hiring Spree

7:15AM 1/27/2010

By Douglas McIntyre

Company News, Technology, Oracle, Sun Microsystems

The conventional wisdom was that Oracle would cut jobs when it finally completed its buyout of Sun Microsystems. But Oracle's offbeat founder Larry Ellison is flouting convention again, instead announcing plans to hire 2,000 people to create and market large computer systems.

Stocks in the news: Citigroup, Exxon Mobil, Google, Visa

9:10AM 12/14/2009

By Melly Alazraki

Company News, Investing, Exxon Mobil, General Electric , Google , Kraft Foods, Morgan Stanley , Bristol-Myers Squibb, Sun Microsystems, Comcast, Amazon.com, Citigroup

Citigroup Inc. (C) said Monday it is repaying $20 billion in bailout money of the $45 billion it received from the Treasury Department. Citi doesn't need to pay the remaining $25 billion, as the government has converted it into a 34% stake in the bank. Paying back the TARP money would help Citi at...

Stocks in the news: MBIA, Tyco, Beazer

9:05AM 11/10/2009

By Melly Alazraki

Company News, Investing, Intel, Oracle, Sprint Nextel Corp, Tyco International, Sun Microsystems, Comcast, Time Warner Cable

MBIA (MBI) shares dropped over 13% ahead of the bell after the bond insurer reported Monday heavier losses in its insurance business than expected. The company recorded a massive loss of $727.8 million, or $3.50 a share, which is still slightly better than last year's. Tyco International (TYC)...

E.U. challenge to Oracle-Sun deal a bad omen for M&A

5:00AM 11/10/2009

By Douglas McIntyre

Company News, General Electric , Google , Kraft Foods, Microsoft, Oracle, Sun Microsystems

As expected, the E.U. raised objections to the Oracle (ORCL) buyout of Sun (JAVA) at about the same time that the Department of Justice approved the deal. The E.U.'s objection is based on the large market share that the two tech companies would have in the MySQL software business. European...

Sun Mircosystems's poor quarterly results justify Oracle's concerns

1:00PM 11/07/2009

By Douglas McIntyre

Technology, Earnings, Oracle, Sun Microsystems

Oracle, (ORCL) which is trying to buy Sun Microsystems (JAVA) for $9.50 a share, has been concerned that the smaller company's financial position will be hurt by delays in the acquisition. On Friday, Sun filed its 10-Q report with its results for the third quarter, and the numbers proved that...