Although the earning dipped due to reformation charges earned by Oracle after the purchase of Sun Microsystems, Oracle has reported an inclination of 17% from the figures last year. This rise was assisted by developments in software licenses, resulting in an increase in the fiscal third quarter which ended on Feb. 28 reaching US$6.4 billion.

The expert from the Sun Microsystems Oracle, Tim Bray, has joined Google Inc.'s Android wing.

He posted a blog, this Monday, titled "Now A No-Evil Zone".

"As of this morning I work for Google. The title is 'Developer Advocate'. The focus is Android. Fun is expected", he wrote.

Sun Microsystems CEO Jonathan Schwartz, an advocate of Web 2.0, announced his resignation on Twitter early Thursday.

He was named CEO in 2006 as Sun encounters a switch in strategic direction away from proprietary systems and toward open source code, including its valued Solaris 10 operating system.

It seems that Oracle wants to be more like IBM, that too the IBM of the 1960s.

In a Wednesday Webcast, Oracle executives outlined the company’s proposed integration of the hardware and software of Sun Microsystems with the Oracle products, once the $7.4-billion acquisition of Sun comes through.

Oracle is speculated to extend assurances that it will continue to invest in all of Sun Microsystems's main server platforms, with a view to convince Sun customers that they should stick with those products as the giant works to resuscitate itself as a systems and software company.

After the European Commission raised concerns over its earlier presented planned proposal of $7.4 Billion to purchase the giant computer manufacturer, Sun Microsystems Inc's MySQL database, Oracle Corp got back to the drawing board, and the new proposal has managed to impress the EU antitrust regulators, thereby taking the deal a step further.

While the European anti-trust regulators continue to delay the $7.4 billion Oracle-Sun Microsystems deal saying that it may be anticompetitive, the UK Oracle User Group has extended its support to Sun’s acquisition by the largest proprietary database vendor.

Talking about Oracle Corp's plans after the acquisition of the troubled computer server maker, Sun Microsystems, the Oracle chief executive and co-founder Larry Ellison said that he expects the deal to increase the company's revenue by more than two times in a five-year period.

According to media reports, Oracle CEO and founder Larry Ellison recently revealed that the delay in the European Commission's (EC) antitrust review of Oracle's $7.4 billion takeover of Sun Microsystems is costing it $100 million a month.