A $147M mistake by Oracle?

August 31, 2009September 1, 2009 Scott D. RosenbergUncategorized

Sun Microsystems Inc. (NASDAQ: JAVA) posted yet another loss amid speculation that Oracle (NASDAQ: ORCL) will sell off the hardware unit once the $7.4 billion acquisition is completed. Sun’s announcement that it has lost $147 million has a lot of people scratching their heads and wondering if good old Larry has lost his Midas Touch. Despite the rumors, Larry Ellison has come out and publicly said that he plans to retain the unit.

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