A federal judge is expected to hear closing arguments Tuesday in the government’s antitrust case against Oracle . District Judge Vaughn Walker is considering a U.S. Department of Justice request to block Oracle’s $7.7 billion unsolicited bid for PeopleSoft .…
PeopleSoft warned that it will miss second-quarter financial targets, citing the strain of fighting off Oracle’s hostile takeover bid. “Although we have been able to meet or exceed our financial projections since Oracle launched their hostile tender offer more than…
SAN FRANCISCO — If Oracle succeeds in its quest to buy PeopleSoft , analysts surveyed by internetnews.com said mega mergers are certain to follow. Oracle CEO Larry Ellison’s testimony in U.S. District Court California Northern District Wednesday and other court…
Business management software provider Best Software on Friday unveiled plans to combine the strength of its many product lines to deliver industry-specific solutions it is calling “Best Suites”. Best Suites include solutions for accounting practices, construction, distribution, manufacturing, nonprofit, and…
Oracle will not be able to use some of its previous acquisition experience in court as it argues for a takeover of PeopleSoft next month. According to court documents, a federal judge granted the U.S. Department of Justice its request…
PeopleSoft has reached a blanket agreement with disgruntled shareholders who had filed class-action lawsuits in protest of the Customer Assurance Program (CAP), formed after Oracle moved to acquire PeopleSoft last June. The Pleasanton, Calif. software maker, now locked in a…
SAN FRANCISCO — The chief executive officers of Oracle and PeopleSoft will answer questions about the controversial hostile takeover bid before the weekend is through, officials with both companies said during court proceedings here Friday. The U.S. Department of Justice…
PeopleSoft shareholders selected incumbent members for the company’s board of directors in a resounding vote, formally shutting out Oracle’s attempt to place its own members on the board. A preliminary ballot count taken at the annual meeting of stockholders showed…
PeopleSoft’s customer assurance program (CAP) could tack on an additional $1.56 billion to Oracle’s current $9.4 billion offer for the rival applications company, according to a filing with the securities and exchange commission Thursday. If the pricing devices in the…
Small businesses that have demonstrated success by leveraging computer technologies may be eligible to win $50,000 in computer software, hardware and services by entering Microsoft’s “Realizing Business Potential” contest. Chuck Sharp, marketing vice president for the Information Technology Solution Providers…