Global leader: Jonathan Schwartz, CEO and president
Local leader: Duncan Bennet, vice-president and managing director, Australia and New Zealand
Core activity: Computers, computer components, software and IT services
Revenue: US$11.5 billion (FY08-09 ended June 30)
Key customers: ACC, TelstraClear, Telecom NZ, ANZ National Bank, Commonwealth Bank of Australia
In the corporate equivalent of a shotgun wedding, Sun Microsystems and Oracle have announced the collaborative production of their first joint venture, European Commission approval be damned. Despite the fact that a cloud still hangs over the proposed merger, the pair are gearing up to launch their first product, an online transaction processing database machine. Sun will bring a hardware component to Oracle that it has hitherto lacked. There are some concerns the marriage might be a little tricky, with some Canadian Sun managers reportedly disconcerted by Oracle’s apparent US focus. It seems like it or lump it, the companies are nevertheless forging ahead with their union.
Meanwhile, Sun reported a US$147 million loss in the April-June quarter - likely to be its last as an independent company - with sales down 31 percent. Rachael Bolton
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