Besieged by a hostile $5.1 billion takeover bid by Oracle last week, PeopleSoft late Tuesday cancelled its
plan to seek a temporary restraining order to slow Oracle's advances.
EC approves Oracle-PeopleSoft merger - ZDNet.co.uk::
European antitrust regulators ruled on Tuesday that Oracle can proceed with its hostile takeover bid for PeopleSoft, clearing the last regulatory hurdle in
http://news.zdnet.co.uk/itmanagement/0,1000000308,39171536,00.htmHOME |
Oracle said
Pleasanton, Calif.'s PeopleSoft had advised it June 9
that it would file a complaint Alameda Superior Court to halt Oracle's offer
to PeopleSoft shareholders on the same day. One day later, Oracle said
PeopleSoft lawyers notified the company that it would not sue on this
matter.
Tech Watch | InfoWorld Staff | InfoWorld | PeopleSoft peddles more ::
Tech Watch | InfoWorld Staff » PeopleSoft peddles more Oracle emails . with endpoint policy compliance and how organizations can leverage Symantec.
http://weblog.infoworld.com/techwatch/archives/000086.htmlHOME |
ANTITRUST AND THE SCHUMPETERIAN DYNAMIC IN ERP SOFTWARE ::
Even if you take at face value the market definition of ERP software, with Oracle and PeopleSoft as two of the big three firms, the calculated Herfindahl
http://www.knowledgeproblem.com/archives/000932.htmlHOME |
Redwood Shores, Calif.-based Oracle said it hopes the move is an olive
branch of sorts.
"We are hopeful that this apparent change in course indicates that the
PeopleSoft Board will be willing to meet with us to discuss our offer," said
Oracle Executive Vice President Safra Catz. "We have made an all-cash, fully
financed offer to the PeopleSoft shareholders. We believe that the
PeopleSoft Board can best serve those shareholders by recommending
acceptance of our offer."
A PeopleSoft spokeswoman told internetnews.com the company is not commenting on its legal strategy at this time.
According to analysts, the back and forth has instilled a great deal of
uncertainty in the enterprise resource planning (ERP) software segment,
where Oracle, PeopleSoft and J.D Edwards compete, along with market leader
SAP and Siebel Systems. The companies
make business applications for financial industries, asset management,
supply chain management (SCM) and customer relationship management (CRM).
Some experts predict
Oracle's aggressive
bid, coming just five days after PeopleSoft's genial merger
proposal with J.D. Edwards, would cause customers to
wonder about the viability of PeopleSoft and Denver-based J.D. Edwards.
"If it goes through, Oracle's proposed acquisition of PeopleSoft will force
PeopleSoft and J.D. Edwards' enterprise resource planning customers to
rethink their ERP strategies," Gartner analyst Betsy Burton said in a
research note this week.
David M. Alschuler, Senior Vice President e-Business and Strategy at Aberdeen Group, said it was tough to say what would happen because hostile takeovers in technology are rare.
"Oracle's offer is going to unleash many forces, regardless of its ultimate denouement. In fact, that may have been Oracle's primary objective in making the offer," Alschuler said in a research bulletin. "We believe this will quickly become a high stakes chess game involving nearly every major enterprise application vendor. Members of the investment banking community just cancelled their summer plans to laze in the Hamptons. And every customer of the companies that become involved in these transitions needs to be alert to the impact of this market consolidation on future support and enhancement of their current application portfolio."
Oracle sues SAP for hacking, data theft « Cyberpunk as a commodity::
In its court filing, Oracle charged that SAP TN used the access to Oracle’s ever since Oracle bought PeopleSoft and became a serious competitor to SAP,
http://lixtetrax.wordpress.com/2007/03/25/oracle-sues-sap-for-hacking-data-theft/HOME |
DISTRICT COURT, CITY AND COUNTY, COLORADO Court Address: 1437 ::
File Format: PDF/Adobe Acrobat - View as HTMLYour browser may not have a PDF reader available. Google recommends visiting our text version of this document.Oracle’s action in making its illusory and improper offer therefore poses a direct. interference in the performance of the PeopleSoft/J.D. Edwards Contract.
http://www.jdedwards.com/content/enUS/News&Events-News/jdecvsorcl_complaint.pdfHOME |
Oracle CEO Larry Ellison hinted about the financial difficulties of both
firms on a conference call last Friday, but J.D. Edwards President, CEO and
Chairman Bob Dutkowsky moved to quell those notions on a conference call
Monday, noting that his company has a $400 million cash balance and no debt,
while PeopleSoft has a $2 billion cash balance with virtually no debt.
Still, he noted on the call that new customers might think twice before
running out and picking up applications for asset management, SCM or CRM,
attributing Oracle's maneuver as the cause.
 SAP Still King of the Hill
 Oracle Offers to Buy PeopleSoft for $5.1 Billion
|
HOME
PRINT
Add to favorites