Sunday, December 20, 2009

Of course there is still JAVA

Larry Ellison was pretty confident of deal between ORCL and SUN micro (JAVA) closing in January on ORCL earnings call. He was talking as if this was a done deal. If you're still worried than buy the Jan 9 Calls for .45 and take your 10%. At this point I'm pretty sure things will wind down by Jan expiration. Some approvals are still pending, such as Russia and South Africa, but I think we're headed for a January closing. Just to remind you ORCL is paying 9.50 USD cash for JAVA.

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