The heads of four of the world’s top technology vendors, citing the need for “a simpler, cheaper IT” for CIOs everywhere, announced that they would merge effective April 1. The new company, comprising IBM, Microsoft, Oracle and Sun Microsystems, would be worth nearly $450 billion. It would be the biggest business deal ever and would need to win both regulator and shareholder approval.The four chairmen?(clockwise from top left) IBM’s Samuel J. Palmisano, Microsoft’s Bill Gates, Oracle’s Larry Ellison and Sun Microsystems’ Scott McNealy?said at a joint press conference in Paris that meeting CIOs’ call for simpler licensing fees, uniform and open technology standards for hardware and software, and superior customer service made the merger a must.“We have to do this for the good of technology customers everywhere,” said Gates, standing in the glass pyramid at the Louvre Museum. “It’s finally time to bury the hatchet. Besides, I love Java?.Net, dot-shmet.” SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe The new entity will be called Mona Lisa, Ellison said, “because this will be a work of art. Way better than that AOL Time Warner thing.” The executives said that instead of one CEO, they would put their egos in a blind trust and share the helm. “We’re thinking of ourselves as the Gang of Four,” Palmisano said.Mona Lisa was most preferable, McNealy said. “We used one of those anagram engines on the Web, but the best we could come up with was ’Mom Stirs on a Crucible of Microsystems.’ That sounds too much like an April Fool’s joke, don’t you think?” Related content feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 CIO 100 CIO 100 feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Generative AI Machine Learning feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management opinion Four questions for a casino InfoSec director By Beth Kormanik Sep 21, 2023 3 mins Media and Entertainment Industry Events Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe