This is certainly a big news for any Java professional. Very first question which comes in my mind is - What happens to MySQL? Well now that Oracle owns it they will try to find out better ways to make money out of it. MySQL is used by so many applications and Oracle may want to leverage on its popularity but at the same time they would want the high revenue Oracle database to keep sailing.
"MySQL will be an addition to Oracle’s existing suite of database products, which already includes Oracle Database 11g, TimesTen, Berkeley DB open source database, and the open source transactional storage engine, InnoDB," says an Oracle FAQ about the acquisition.
I think its sounds good but doesn't make business sense. Oracle and MySQL are clear competetor in few areas and the company may need to think about chosing one or other in long run, and I am sure it can not be Oracle.
What happens to Oracle's crazy dead slow forms which were developed in Java and suck big time? I guess it will never improve.
Some people were happy to see IBM acquiring Sun due to its great technology background. Now when its Oracle, people think it is going to be bad for the open source world as Oracle may try find out ways to make money out of this and as a result there may not be lot of free/open source available to Java world.
As we all know Sun had already fired more then 2800 employees so far this year in budget-cutting moves. Several key people from Sun have already left(before IBM talks started), and others are perplexed and not sure about alternatives in near future.
Well I guess it doesn't matter, in the end they are all here to do business and make profit.