REDWOOD SHORES, Calif. — Oracle launched its first initiative today as a newly merged company. Dubbed “Project Fusion,” the venture is part of Oracle’s plan to simultaneously support Oracle’s acquired technology from PeopleSoft and J.D. Edwards, as well as develop…
Oracle may be able to start its marriage with PeopleSoft as early as Thursday with the help of a handful of PeopleSoft shareholder converts. A spokesman for Oracle said executives will issue a statement after markets close today, and noted…
PeopleSoft’s Chairman and CEO David Duffield resigned from the company on Dec. 21, just one week after PeopleSoft’s board agreed to accept Oracle’s $10.3 billion acquisition offer. According to a filing with the U.S. Securities and Exchange Commission Tuesday, Duffield…
Oracle has begun laying the foundation for its eventual marriage with PeopleSoft . In a briefing with reporters, Oracle President Charles Phillips reaffirmed the company’s plans to solidify the deal before Dec. 30. The executive is expected to meet with…
Could your prospect’s job be on the line when they buy your business-to-business (B2B) product? The question wouldn’t be relevant with a business-to-consumer (B2C) product. If you buy the wrong ketchup, your kids may go into an uproar at the…
In the aftermath of the PeopleSoft/Oracle merger, analysts are sifting through PeopleSoft’s past for clues that led to its eventual sale. Nearly 19 months ago, the Pleasanton, Calif.-based company was growing its large-scale contracts while gracefully expanding its Human Resource…
In its latest pitch to take over its rival, Oracle said it has initiated plans for a proxy fight this spring. The Redwood Shores, Calif.-based software giant said it will nominate four men for PeopleSoft’s board of directors to take…
Oracle will drop its efforts to block PeopleSoft’s defense to Oracle’s hostile takeover bid if PeopleSoft’s shareholders fail to tender a majority of their shares by Nov. 19, according to an Oracle letter sent to a Delaware court. The development…
Oracle’s latest (and apparently its last) offer of $24 per share has triggered a maelstrom of opinions — most pointing toward a complete takeover of rival PeopleSoft. Analysts are quick to point out the revised offer worth an estimated $9.2…
UPDATED: Oracle has upped its offer for PeopleSoft to $24 per share, in what it called its final bid for the elusive enterprise applications company it has been trying to acquire since June 2003. The revised offer is $3 per…