Saw this on the Register (therefore it must be true)
On March 12, 2009 according to Sun:
“Oracle sent a letter to our board proposing the acquisition by Oracle of certain of our software assets, a minority equity investment by Oracle in our common stock and entering into certain strategic relationships. On March 16, 2009, our board met with management and our advisors to discuss Oracle’s proposal and the board’s fiduciary obligations.”
So much for Oracle the happy hardware maker, embracing Sun’s Sparc and server manufacturing, and seeing synergies extending into the future. It’s looking more like an act of corporate hubris by a software company that believes it can apply its tried-and-tested model of acquire and assimilate in the software sector to hardware.