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Oracle CEO Plans on Keeping MySQL Discusses Acquistion Delay, Financials, Competition in Interview September 23, 2009, Volume 139, Issue 4
Oracle CEO Larry Ellison said he has no plans to spin off MySQL and expressed the urgent need to complete the $7.4 billion merger with Sun. Ellison made these remarks during an interview conducted by former Motorola and Sun executive Ed Zander before a gathering of industry dignitaries in San Jose, Calif., on September 21, reported InfoWorld's Paul Krill. According to Krill, Ellison emphasized that Oracle competes with databases such as Microsoft SQL Server and IBM DB2 but not MySQL. "We never compete against MySQL. [Oracle and MySQL] are both called databases; they address different markets," Ellison said. Even if asked to by the European Union (EU), Ellison said, "No, we're not going to spin it off." The European Commission, which is the EU's executive and regulatory branch, ruled in early September to take an in-depth look at Oracle's proposed acquisition of Sun to ensure the database market remains competitive. The Commission set a January 19, 2010 deadline to make the decision on whether to sanction the move or propose some modifications. This followed the U.S. Department of Justice's approval of the merger on August 20 with no restrictions. Ellison is confident that the EU will approve his company's buyout of Sun as well, stating, "I think once [EU regulators] do their job, they're going to come to the same conclusion." He did say that Sun is losing about $100 million a month with this delay from the European regulators, and "the longer this takes, the more money Sun is going to lose. ... We'd like to get this done." Ellison stressed that Oracle wants "to save as many jobs as we can" via the merger. Oracle is planning to escalate cost-cutting activities during the remainder of its fiscal year 2010, which began in June, reported Chris Kanaracus with IDG News Service, citing a filing the company made also on September 21 with the U.S. Securities and Exchange Commission. Oracle recorded $48 million in costs associated with a fiscal year 2009 restructuring plan during its first quarter 2010, which ended August 31. The company expects to "incur the majority of the approximately $300 million that is remaining during fiscal 2010," the filing states. The restructuring expenses include employee severance, and possibly "charges for duplicate facilities and other contract termination costs." The Sept. 21 filing offered no specifics on the restructuring actions Oracle plans on taking. During the interview, Ellison stated that IBM and SAP are Oracle's main contenders. He said, "We're very interested in running airline reservation systems and we're very interested in running banking systems and telecommunications systems and those that require both hardware and software. "We have no interest in the hardware business," Ellison said. "We have a deep interest in the systems business." More Information
Oracle's Fiscal 2010 First Quarter Results European Commission Launches Investigation into Oracle-Sun Deal US Justice Department Approves Oracle's Acquisition of Sun Sun-Oracle Deal Scrutinized by European and US Regulators In-depth Analysis on the Impact of the Oracle-Sun Merger Sun Stockholders Approve Oracle Acquisition
Full video of Ed and Larry at the Churchill Club (1hr 26min)
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We never compete against MySQL. [Oracle and MySQL] are both called databases; they address different markets. 
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Oracle CEO Plans on Keeping MySQL
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