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Stock Talk’s Technical Trade Outlook for Friday November 6th, 2009 are: DD, JAVA, QCOM, RL

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Oracle gained clearance from the US Department of Justice for its US$7.4B acquisition of Sun Microsystems after an earlier delay in the approval process threatened to derail the transaction. The US software company had originally hoped to the close the deal quickly, but hit a stumbling block when the DOJ failed to give its approval at the end of an initial investigation. Oracle attributed the delay to scrutiny of the licensing arrangements surrounding Java, the programming language and software development tools that are controlled by Sun and which Oracle has singled out as the main reason for its acquisition. Some of Oracle’s biggest rivals, such as IBM, rely heavily on the Java technology, putting them at a potential disadvantage once Oracle takes control. Oracle has said that any steps it took to gain an advantage from its control of Java would be self-defeating, since this would only serve to fragment the broad support for Java in the technology world and undermine its value. Read more

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