Antitrust lawyers of the U.S. Department of Justice (DOJ) recommended against Oracle’s $9.4 billion takeover attempt of rival PeopleSoft, in what could be a major setback for the enterprise software company. In a statement, PeopleSoft said the DOJ had issued…
Oracle has ratcheted up its pressure on rival applications maker PeopleSoft by raising its cash buyout offer to $9.4 billion. The move comes as regulatory investigations to determine whether the merger would violate antitrust laws hurtle toward a conclusion. The…
Oracle will wait longer than expected to hear whether its bid for PeopleSoft is acceptable. The European Commission has put its in-depth investigation into the hostile takeover attempt on hold to request additional information from the database and applications vendor,…
In a sign that on-demand computing is starting to vault from theory into the applications realm, IBM said it has teamed with Siebel Systems on a new hosted customer relationship management (CRM) software service that customers can deploy at the…
NEW YORK — Cognos took the wraps off of ReportNet, a new business intelligence (BI) software reporting tool geared to launch the Burlington, Mass. vendor into competitive company with several vendors who have recently acquired such capabilities. Cognos CEO Ron…
Enterprise applications maker Siebel Systems settled a class-action lawsuit Tuesday for $900,000 and took steps to make sure it doesn’t put itself, or shareholders, into like situations with the creation of corporate governance initiatives to provide better guidance to the…
With confusion swirling around the enterprise applications space caused by Oracle and PeopleSoft’s battle for the No. 2 slot, Siebel Systems showed that it felt the reverberations caused by that conflict Tuesday by announcing a 67 percent drop in second-quarter…
PeopleSoft surprised the industry Wednesday when it said preliminary results for the second quarter beat the average Wall Street estimates of earnings-per-share by one to two pennies — all in the face of a hostile takeover bid from rival Oracle…
NEW YORK — PeopleSoft Chief Executive Officer Craig Conway Thursday said his company will guide the market for enterprise applications into a new era where business software is Web-based and automated, and middleware will be rendered nearly obsolete. Conway spoke…
PeopleSoft and J.D. Edwards Monday have amended their merger agreement to speed up the deal in the wake of Oracle’s $5.1 billion hostile takeover bid of PeopleSoft.The boards of both companies, who believe the new deal will allay customers’ fears…