In what has become serve-and-volley battle to win the influential stockholders, PeopleSoft Monday begun mailing proxy materials for a critical March 25 vote. The company is encouraging shareholders to vote for its nominated board candidates and to ignore the candidates…
Oracle moved to spark interest in its latest $9.4 billion offer for rival PeopleSoft by sending a letter to PeopleSoft shareholders asking them to support its revised bid and suggested board candidates. The letter, signed by Oracle CEO Larry Ellison…
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…
In his keynote speech at Oracle Appsworld on Wednesday, CEO Larry Ellison talked a lot about data — an appropriate topic given that he leads one of the largest database software providers in the world. Oracle , however, hasn’t always…
Do business owners and executives know more about what’s going on in Hollywood and Washington, D.C. than they do about what’s happening in their businesses? Sound far-fetched? Maybe a bit, but it’s true that from a technology point of view…
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,…
NetSuite, maker of Oracle’s Small Business Suite, this week countered a common criticism of hosted applications by launching new customization technology that makes its online applications as customizable as traditional, “self- managed” applications. NetSuite enables small- and mid-sized companies to…
Investor reaction was mixed Tuesday a day after Oracle said it might have to drop its $7.3 billion hostile bid for PeopleSoft over the enterprise software company’s licensing/rebate plans. On a light trading day Tuesday due to the Veteran’s Day…
Continuing a global expansion that began earlier this month in the UK, NetSuite Inc. on Tuesday brought its hosted business applications to Australia. The NetSuite product has been completely localized for Australia, from language conversion, to complex statutory requirements including…