Why is Oracle filing an Amendment to its 8-K filing?

Oracle is filing an Amendment No. 1 to its Form 8-K to include financial statements and related exhibits that were omitted from the original filing on January 28, 2010. Specifically, this amendment provides the necessary financial information regarding the acquired Sun Microsystems business.

What financial information is being provided in this amendment?

This amendment includes unaudited and audited financial statements for Oracle America, Inc. (formerly Sun Microsystems, Inc.) for the three months ended September 27, 2009, and the fiscal year ended June 30, 2009, respectively. It also provides unaudited pro forma condensed combined financial statements for the periods ending November 30, 2009, and May 31, 2009, reflecting the combined entities.

What is the significance of these financial statements for investors?

These financial statements are significant as they offer investors a detailed view of Sun Microsystems' financial performance and position, both as a standalone entity and as part of Oracle post-acquisition. This allows for a better assessment of the acquisition's financial impact and the integration of Sun Microsystems' business into Oracle's operations.

What does 'pro forma financial information' mean in this context?

Pro forma financial information presents hypothetical financial statements that show how the combined companies (Oracle and Sun Microsystems) might have looked had the acquisition occurred at an earlier date. It helps investors understand the potential financial impact of the merger on the combined entity's results.

ORCL/ORCL-PD 8-K SEC Disclosure

Summary

Oracle Corporation (ORCL) filed an Amendment No. 1 to its Form 8-K on April 7, 2010, to provide previously omitted financial statements and information related to its acquisition of Sun Microsystems, Inc. This filing is crucial for investors seeking to understand the financial impact and performance of the newly acquired Sun Microsystems business as part of Oracle. It includes unaudited and audited financial statements for Oracle America, Inc. (formerly Sun Microsystems) for key periods, as well as pro forma financial information reflecting the combined entity. Investors should pay close attention to these financial statements and pro forma data to assess the financial health, profitability, and operational performance of Sun Microsystems prior to and immediately following the acquisition. This information is essential for evaluating the strategic rationale and financial implications of Oracle's acquisition of Sun Microsystems, which was a significant transaction for the company.

Key Highlights

1Amendment to an existing 8-K filing, specifically to add financial statements and exhibits.
2Includes financial statements for Oracle America, Inc. (formerly Sun Microsystems, Inc.) for the three months ended September 27, 2009 (unaudited) and the fiscal year ended June 30, 2009 (audited).
3Provides unaudited pro forma condensed combined financial statements as of and for the six months ended November 30, 2009, and for the year ended May 31, 2009.
4These financial statements are essential for investors to understand the financial performance of Sun Microsystems as it was integrated into Oracle.
5The filing also includes the consent of Ernst & Young LLP, the independent registered public accounting firm for Sun Microsystems.
6The original 8-K was filed on January 28, 2010, and this amendment addresses omissions related to Item 9.01 (Financial Statements and Exhibits).

ORACLE CORP 8-K/A Report, Exhibit Filing (Apr 7, 2010)

Summary

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