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Sep. 23, 2009

Speaking at an IT symposium in Silicon Valley yesterday, Oracle CEO Larry Ellison said that the delay caused by European Union regulators are considering whether to approve Oracle's acquisition of Sun Microsystems is costing the company about US $100 million a month.

Ellison also insisted that Oracle would maintain MySQL "in-house" and outlined an ambitious future for the two recently merged companies.

However, on Sep. 9, European Commision Competition Commissioner Neelie Kroes outlined concerns over possible anticompetitive effects "when the world's leading proprietary database company proposes to take over the world's leading open source database company."

Kroes also went on to say that the EU Commission would make an in-depth investigation of Oracle's proposed acquisition, a process that could take until January 2010 at the very least.

Interviewed by former Sun executive Ed Zander at an event at the Churchill Club, a Silicon Valley business forum, Ellison said the delay is costing Sun about $100 million a month.

"The longer this takes, the more money Sun is going to lose," said Ellison.

However, Ellison was quick to point out that Oracle has no plans to move MySQL out of the company.

"We're not going to spin it off-- no way," he said, expressing confidence that the European Commission would come to the same conclusion as the U.S. Justice Department.

Ellison went on to discuss a future in which Oracle is the dominant company in enterprise computing.

He added that the combination of Oracle's database software and Sun hardware would make the combined company an unparalleled IT systems vendor.

Ellison aimed even higher, citing the dominance of IBM in the late '50s and early '60s. "I would like us to be the successor to IBM," he said.

But Ellison also singled out the IBM of Thomas Watson, Jr., who became IBM's president in 1952 and stepped down as chairman and CEO in 1971.

There was a brief silence in the room after that...

"That's when IBM was really the dominant software company," said Ellison, saying that he wanted to deliver hardware-software systems that would run most of the enterprises in America and abroad.

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Source: Oracle.

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