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    Monday, April 20, 2009

    Reuters - Oracle to buy Sun Micro, enters hardware market

    This article was sent to you from bombastic4000@yahoo.com, who uses Reuters Mobile Site to get news and information on the go. To access Reuters on your mobile phone, go to:
    http://mobile.reuters.com

    Oracle to buy Sun Micro, enters hardware market

    Monday, Apr 20, 2009 3:26PM UTC

    By Jim Finkle

    BOSTON (Reuters) - Oracle Corp plans to enter the computer hardware market by buying Sun Microsystems Inc for more than $7 billion, swooping in after Sun's talks with IBM fell apart.

    The announcement on Monday surprised many Oracle watchers, who believed the company can boost profitability at Sun's software businesses but were unsure if it can be as successful with Sun's hardware unit amid stiff competition against IBM, Hewlett-Packard Co, Dell Inc and new entrant Cisco Systems Inc.

    "It's an out-of-the-box, left-field type of a deal because Oracle is buying a predominantly hardware business," said Jefferies & Co analyst Ross MacMillan. "The push-pull of the deal is the uncertainty of the hardware business with the earnings accretion of the software business."

    Oracle will pay $9.50 a share for Sun, which values the high-end server and software maker at about $7.06 billion, based on 743 million shares outstanding as of the end of its second fiscal quarter on December 28, according to Sun.

    Sun had previously rejected IBM's offer to pay up to $9.40 a share, according to sources with knowledge of the matter.

    Shares of Sun jumped 35.7 percent to $9.08 in morning Nasdaq trading, while Oracle shares fell 3.7 percent to $18.36. Shares of IBM, which did not immediately return calls for comment, fell 1.8 percent to $99.49 on the NYSE.

    Oracle President Safra Catz said on a conference call that Oracle intends to make the hardware division profitable. Sun's top-selling products are high-end servers and storage equipment.

    Catz said the acquisition, which the companies expect to close this summer, will add at least 15 cents per share to earnings in the first full year after closing.

    It will be more profitable on a per share basis in the first year than Oracle had planned for its previous purchases of BEA, PeopleSoft and Siebel combined, Catz said.

    LONG FRIENDS

    Oracle Chief Executive Larry Ellison and Sun Chairman Scott McNealy are two Silicon Valley pioneers who have become close friends over the years as their businesses worked together to take on rivals including Microsoft Corp and IBM.

    Oracle and Sun have been partners for more than 20 years: Oracle's database and related software already operate tightly with Sun's Java software and Solaris operating system.

    "The deal would strengthen Oracle's position against IBM. Oracle has done a good job on acquisitions it has done earlier," said Robert Jakobsen, analyst at Jyske Bank in Copenhagen. "It makes sense also historically. Oracle has been more successful commercializing software than Sun."

    Sun would add more than $1.5 billion to Oracle's operating profit in the first year, rising to more than $2 billion in the second year, Oracle said.

    Sun rose to prominence in the 1990s but never fully recovered from the dotcom bubble burst in the early 2000s, when demand for its high-end servers cratered.

    The company has been looking for a buyer for months, according to bankers, with IBM, Oracle, HP, Dell and Cisco having all been cited as possible buyers.

    Analysts have said the sale of Sun could signal a new wave of mergers and partnerships in the data center market as companies strive to provide more comprehensive services that tie hardware and software offerings together.

    "It moves Oracle more into the competition with HP and IBM and Microsoft. It makes them a player in the space," said Shannon Cross of Cross Research. "It gets hardware, which should be interesting to see since Oracle doesn't make things. It's going to give them access to customers who weren't using the Oracle database."

    Talks between Sun and Oracle began late on Thursday, according to a source with knowledge of the matter who spoke on condition of anonymity.

    The companies said the transaction is valued at $5.6 billion net of cash and debt. Sun's board had unanimously approved the deal, which is subject to shareholder and regulatory approval.

    "It makes sense at a certain level, but the question is: How do you get the companies to fit together? We don't quite get that yet," said Tim Ghriskey, chief investment of Solaris Asset Management, whose New York-based firm manages about $2 billion and holds shares in neither company.

    (Additional reporting by Franklin Paul and Ritsuko Ando in New York, Tarmo Virki in Helsinki; Writing by Tiffany Wu; Editing by Derek Caney)

    Working Resume.

    Keith
    Nation
    724 Park Avenue, Uniondale, NY 11553, United
    States



    bombastic4000@gmail.com
    • Cellular 5168358556






    Shipping,
    Warehousing and Transportation Professional


    Profile



    Shipping, warehousing and Transportation and entertainment
    professional, five years experience in shipping, packageing,
    transportation and storage of manufactured goods. Experienced team
    leader, adept at discovering methods to cut costs and increase
    productivity. Implemented method of producing labels with UPS
    worldship 9.0 that decrease shipping expenses by 33%. Possession of
    unique skill sets, a rounded education, remains abreast of
    technological advances and developments in the industrial world
    implementing proven tactics to successfully distribute and trade
    product.


    Selected
    Achievements



    • Identified an area where Company was overspending on the
    issuance of package receipts. Merged packages of same project I.D.
    and address onto one shipping receipt with UPS Worldship software.
    Each instance of this practice saved an average of 30% on the cost of
    shipping and significantly reduced time to prep packages for delivery
    as well as creating and implementing useful labeling practices,
    initiated process of placing product name and number both in address
    and receipt number section of UPS worldship label to facilitate quick
    distribution of packages in receiver/client's mailroom and for quick
    and instant recognition of corresponding packages by having the
    product name and number also on manufacturers shipping receipt
    document.



    •Successfully understood and implemented changes in evolving
    language in shipping/business terminology billing language such as
    Freight collect, Bill Third Party, Bill Shipper, Shipping Duty &
    Tax, and Cost and Freight. Pro-actively resolving third party
    shipper and client dispute with company name on shipping label by
    correctly authoring the intended company name as per the client
    followed by the intended company name as per the manufacturer and
    using a universally accepted symbol to differentiate between the two
    among all parties involved.



    • 100% Timeliness in regards to ship by date, never been late
    on a ship by date in five years of shipping and warehousing.



    • Cutting the time it would take to validate an address on the
    internet by going through old addresses in address database,
    validating them, modifying them and creating a universally accepted
    code that signifies to shipper that address has been previously
    validated every time it is pulled from the system as a ship to, ship
    from, and/or third party address.



    • Key Liaison for many direct clients to manufacturer for
    packing and shipping duties as with E & L printing.



    • Driver for primary company clients on cross-town business
    trips. Trusted to meet and chauffeur clients at Train Stations and
    safely transport to office and back to train stations in a timely and
    friendly manner as with Donna Allegra from Taylor and Ives.



    • Distribution of Orders through diverse and complex shipping
    clients as FedEx, UPS, Walsh Messenger on the same shipment of
    multiple and or split packages to the same and or different
    addresses.



    • Identifying Key Locations in Warehouse for docking area where
    pre packed packages can be stored in escrow and pulled for when an
    order for said packages are received which aids in the rapid
    execution of shipping/transportation tasks and makes good use of
    company time as well as saves time.



    • Dedicated team player, consistent attendance and punctual
    attendance,



    • Unique work history with a varied and specialized knowledge
    in key areas of industry as in software and mobile applications, and
    cost reducing and time saving practices.



    • Adept at doubling up, taking on other roles of productivity
    including janitorial clean up and garbage removal services during
    company downsizing to reduce overall overhead, creating and
    maintenance of a clean work environment to improve and boost company
    morale.







    • Processed and associated Mercedes Benz business cards from
    one lot of 500 card up to 200 plus lots of 1000 business cards with
    appropriate drop ship numbers and shipping them with one hundred
    percent accuracy in regards to billing, labeling and address
    properties as the client contract implies.



    • Utilizing N Vidia Control Panel (N-Vidia Quadro NVS 290
    graphics card) on an Intel (r) core duo 2.40 Ghz CPU PC to organize
    and speedup workflow when validate ting addresses with UPS worldship.



    • Timely and accurate ID of FedEx and UPS account numbers.



    .


    Employment
    History



    Mutual Engraving, West Hempstead, New York



    Shipping and Warehousing Professional, 2006 - Present



    Ritetrack Company, Hempstead, New York



    C.O.O., 2005 - Present



    Target Co, Westbury, New York



    Backroom/Remodel team member, 2005 - 2006



    Remove All Specialist, Uniondale, New York



    Operations Manager, 2004 - 2005



    Golden Sons, Queens New York



    Kitchen Aid, 2001 - 2004



    Calvary Tabernacle, Hempstead, New York



    Church Aid, 1996 - 2000



    Things Jamaican, Queens, New York



    Kitchen Aid, 1999 - 2000








    Education



    A.A., Applied Science of Music, 2004



    Nassau Community, Garden City



    A well rounded education in supply and demand economics and the
    cause and effect of inflation in the American economy, statistical
    arithmetic with a keen understanding of the mean, median, the mode
    and outliers and skewed charts, as well as the arts, and social
    sciences.





    Indiana Bible College, Indianapolis Indiana:



    Traveled and spent time in another part of the country and got to
    experience a varied section of the cultural landscape.



    H.S., Regents, 1998



    Uniondale High School, Uniondale, New York



    Studied Journalism, advanced English course and honors science
    classes.


    Skills



    • Service Improvement



    • Operations Management



    • Crisis Management



    • Shipping



    • Public Safety and Security



    • Crew Training



    • Operations Tracking



    • Environmental Assessments



    • Equipment Maintenance



    • Web 2.0



    • Mobile Internet



    • Microsoft Office • Fruity Loops



    • Project 5 2.5



    • Google Applications: Blogger, Picasa, Maps mobile,
    documents.


    Licenses



    New York State Driver's License, 2007 - 2010



    NYSDMV, Hempstead, New York



    Licensed to drive a motorcar and a vehicle classified as a small
    truck.


    Training



    Stores Online Internet Workshop, /



    Stores Online, Garden City, New York



    A one-day workshop about the history of the internet, shipping
    services, and web search implementation


    Volunteer



    The Looong Box, West Hempstead, New York



    Video Producer



    Produced promotional video of contest winner that was played
    in the store.



    Children's Cancer Society, Oceanside, New York



    Musician



    Lent musician services to Children's Cancer Society event
    fundraiser.


    Relevant
    Experience



    Worldship



    • Able to navigate the language and billing parameters
    of Worldship shipping label software.



    • Creating methods of packing and shipping and shipping label
    documentation for changes in existing accounts, new accounts,
    processing client name change and billing changes due to M & A.



    • Superiors and company clients directly seek my insight in
    packing, labeling and billing of their accounts.








    Safe Driver and Delivery messenger



    • Prompt and Safe Messenger/Delivery driver



    • Skilled at loading vehicles, transporting up to 2 tons of
    payload.



    • Varied experience in messenger and delivering . Experienced
    and driving company clients, to small documents to 2-ton payloads,
    safely and punctually.








    Policy and Procedure Enforcement.



    • Recognizing inconsistencies and inaccuracies in
    receipts written by production staff and correcting them.



    • Able to recognize and correct misspelling and inaccuracies in
    significant account data which can lead to shipping fees if product
    in shipped with those faults intact, and changing those mistakes
    before product leaves the company and thus saving money on
    operational costs daily.



    • Commended on accuracy rating by superiors and company
    shareholders/owners.











    About Me

    My photo
    If you know me then you know my name. I am The Black Rider and the world is my Flame. The rider writes, observes, creates, produces, and learns the world around him. Ride on. Ride on!

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