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.
Saying that the proposed Sun takeover will bring about a transformation in Oracle, Ellison said that Oracle's software will be customized with Sun's hardware, thereby helping Oracle sell specialized computers and storage devices that perform better performance better compared to those with hardware and software from other companies.
Ellison, who co-founded the business software company more than three decades back, urged investors - who are largely wary of the Sun deal - to support the Sun acquisition, as it would neither affect Oracle's margins nor distract the company's executives, as presumed.
Elaborating that initially after the takeover of the money-losing Sun Microsystems, the margins of Oracle may decline for some time; but later he expects the business to run "very, very profitably."
Ellison told a group of over 100 analysts and investors in San Francisco that he intended to retain his aggressive attitude with regard to future acquisitions too, more so with some "terrific" deals to choose from. Ellison further added that will be mull over acquiring other software and hardware companies.












