Doing what IBM failed to do earlier this month, Oracle will purchase computer server and software maker Sun Microsystems for around $7.4 billion, or $5.6 billion net of cash, 9.50 per share. Oracle megalord Larry Ellison boasted about the buy, saying in a statement, “Oracle will be the only company that can engineer an integrated system—applications to disk—where all the pieces fit and work together so customers do not have to do it themselves ... Our customers benefit as their systems integration costs go down while system performance, reliability and security go up.” This deal will also give Oracle control over Java programming language and Solaris. (Jason Brooks of eWEEK explains it all in finer detail, right here.)