Oops: “At $1 billion … Sun paid a multiple of 10 times sales for MySQL today. Optimistically assuming a 20% profit margin, they are looking at a multiple of 50 times earnings for a return on investment of around 2% per year. Optimistically.”
Steve does the Sun/MySQL aquisition Q&A and speculates on some interesting effects of the deal: “… YouTube sold for $1.6 billion, and consumed virtually no software. If that acquisition was to take place today, they would have been buying from Sun.”