BURLINGAME, CALIF. - Mårten Mickos may give away his software, but that doesn’t mean his competitors aren’t taking him seriously. His MySQL has raised $39 million in funding, claims to have more than 8 million installations of its database software, and counts Alacatel, Google, and Yahoo! among its customers; they get free software but pay the company for support and maintenance. MySQL’s success has caught the eye of mighty Oracle (nasdaq: ORCL - news - people ), which is now buying its way into the same open source business: This week Oracle bought open source vendor Sleepycat, and observers expect it to close a deal on JBoss, another open source company, as early as today. The acquisitions are likely to let the database giant offer its own free, open source database for smaller customers. (Read More.... )
By Cesar G. Soriano, USA TODAY USAToday.com - London : "This Christmas season, the hottest-selling gifts in Europe are pricey American products such as iPods, the Xbox 360 and celebrity-inspired fashions. That kind of shopping has led to a very American problem: credit card debt." Nationwide, 34% of Britons say they will use credit cards or store cards to pay for their holiday purchases this year. And one in five say they are still paying off their gifts from last Christmas, according to a December poll by Zopa, an online lending agency. "The UK has adopted the American habit of credit with vigor, and consequently consumers are rapidly getting in over their heads," says Steve Rhode, president of Myvesta.org, a non-profit, debt-relief group. In August, U.S.-based Myvesta opened an office in Britain to deal with the growing number of Britons in debt. The number of people filing for bankruptcy or insolvency in England and Wales rose 46% from 2004 to 2005 to a record, a
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