US senators ask EU to hurry investigation of Oracle-Sun

Further delays in the deal could cost thousands of jobs, John Kerry says

Fifty-nine U.S. senators have asked European antitrust regulators to speed up their investigation into Oracle's planned acquisition of Sun Microsystems, due to Sun's "deteriorating financial condition."

The senators, led by Senator John Kerry, a Massachusetts Democrat, and Orrin Hatch, a Utah Republican, called on the European Commission to "expedite" its investigation into the US$7.4 billion acquisition, in a letter sent Tuesday.

"The deal between Oracle and Sun was announced in April and seven months have gone by without a resolution," Kerry said in a statement.

"Continued delay of the European Commission's decision on clearance threatens thousands of American jobs, so we felt compelled to ask for a speedy resolution."

Sun reported a net loss of $120 million for the first quarter of its 2010 fiscal year, with the quarter ending on Sept. 27. The company reported a net loss of $2.2 billion for its 2009 fiscal year, compared to a net loss of $403 million for its 2008 fiscal year.

Oracle CEO Larry Ellison has said that Sun is losing $100 million per month as it waits for the deal to close.

Unless European antitrust regulators wrap up their investigation soon, there could be layoffs at Sun, the senators wrote. The U.S. Department of Justice concluded its own antitrust investigation in August without finding any problems with the deal, the letter said.

European regulators have concerns over competition in the database market, but Sun's open-source MySQL serves a tiny portion of the European market, the letter said. Oracle is the largest vendor of proprietary database software.

"Unfortunately, Sun Microsystems' financial position has become more precarious and the Commission's inquiry has continued," the letter said.

"Some have raised concerns over the company's ability to continue to employ its thousands of workers. Accordingly, we respectfully request the European Commission complete its investigation of this transaction as quickly as possible."

Earlier this month, the European Commission issued a formal "statement of objections" over the deal, saying it would hurt competition in the database market. That statement doesn't necessarily mean the European Commission will block the deal.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Oracleeuropean unionUSA governmentOracle-Sun mergerSun Mircosystems

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?