Oracle/Sun deal leaves both companies noticeably quiet(1)
It’s been more than a week since the surprise announcement that Oracle will buy Sun Microsystems, and both companies have been more quiet than usual.
Sun announced its most recent quarterly earnings in a press release on Tuesday and posted some financial documents on-line. But it canceled the traditional earnings conference call, in which analysts and others usually hear from top executives about the company’s recent performance. Also breaking with tradition, the press release included no comments from Sun CEO Jonathan Schwartz.
Schwartz, who is normally quite voluble in his corporate blog, hasn’t posted anything there since March 18. The company has made some new product announcements, and other Sun bloggers have continued to talk about projects and technical matters, but they have been told to avoid commenting on the sale to Oracle.
It appears the two companies are walking a fine line — trying to reassure customers and employees, without running afoul of legal restrictions or discussing details of a deal that is not yet final.
In a letter to customers and business partners, Oracle president Charles Phillips gave a very broad description of his company’s plans to sell a range of hardware and software in the future. And top executives held a “Town Hall” meeting with Sun employees, although some who attended said few specifics emerged.
The gist seems to be summed up in an FAQ for Sun employees, which the company filed with the SEC today. The statement says the two companies are forming a “joint integration planning team” to confront such issues as how Sun’s products and employees will fit into Oracle’s organization, and what role Sun executives may have in the future.
Until then, the statement said each company will carry on business as usual. “It is premature to discuss specifics at this point,” it said. “As plans begin to take shape, more information will be made available.”
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