Oracle has announced today they will acquire Sun Microsystems at $7.4 billion ($9.50 per share), or $5.6 billion net of Sun’s cash and debt.

Oracle CEO Larry Ellison said today in a conference call, “With the acquisition of Sun, Oracle is now able to make all of the pieces of the technology stack fit together and work well,”

Oracle expects Sun to add $1.5 billion to non-GAAP operating profits for 2009, and $2 billion for 2010. Read the full story

Net Applications has released figures relating to mobile browser market share for February 2009. Apple’s iPhone, which accounts for about 0.5% of all cell phones, holds 66.61% mobile browser market share according to the findings, with its closest competitor Java ME (such as Blackberry handsets) at only 9.06% The actual results will likely begin to change as Microsoft rolls out its highly upgraded Internet Explorer browser and as Palm rolls out its Palm Pre with a revamped browser. Mozilla is also preparing to launch its own mobile internet browser dubbed Fennec. Interestingly, the Mac OS in February 2009 held 9.71% of the total computer operating system market share, down from 9.93% a month earlier in January 2009. The iPhone also generates 51% of all current U.S. mobile internet browsing traffic.