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Ellison: Oracle Is the New IBM

John Paczkowski in News on September 22, 2009 at 4:30 am PT

The European Commission’s inquiry into Oracle’s proposed acquisition of Sun is costing the database giant dearly. Speaking at a Churchill Club event in Silicon Valley Monday evening, Oracle CEO Larry Ellison said Sun is losing $100 million a month because of the extended European antitrust review. He also said he’d like his company to be “the successor to IBM.”