Comments on: Oracle Acquires Larry Ellison-Backed Storage Company Pillar Data Systems http://www.itjobsandcareers.com/2011/06/oracle-acquires-larry-ellison-backed-storage-company-pillar-data-systems/ Sun, 22 Dec 2024 02:30:49 +0000 hourly 1 http://wordpress.org/?v=3.8.2 By: James McMurry http://www.itjobsandcareers.com/2011/06/oracle-acquires-larry-ellison-backed-storage-company-pillar-data-systems/comment-page-1/#comment-2490 Thu, 30 Jun 2011 11:38:51 +0000 http://www.itjobsandcareers.com/2011/06/oracle-acquires-larry-ellison-backed-storage-company-pillar-data-systems/#comment-2490 Interesting deal to say the least

Larry gets his 544 MILLION dollars back, plus interest.
Oracle gets to fill in the SAN hole (no longer relabel other peoples SAN equipment)

Pillar team gets an earn out over three years of the actual profit (you know, something they havent been able to do after spending 544 million of Larrys money)

Earn Out = Net Profit x 3

Sounds like Larry is the real winner in all of this for sure. 

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