The European Commission issued a Statement of Objections on November 9th opposing Sun's acquisition by Oracle. According to a Securities and Exchange Commission filing from Sun, the open-source MySQL database software is the sole issue of concern in the matter. In response, Oracle issued a statement saying the objection "reveals a profound misunderstanding of both database competition and open-source dynamics" and the company "plans to vigorously oppose the Commission's Statement of Objections as the evidence against the Commission's position is overwhelming."
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Sun reported results for its first quarter of fiscal 2010, which ended September 27, 2009, in a Securities and Exchange Commission filing November 6th. The company narrowed its first-quarter loss to $120 million, or 16 cents a share, from $1.68 billion, or $2.24 a share, in the year-ago period. Lower operating expenses helped Sun curb its fiscal first quarter loss, Reuters reported.
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