UPDATED: Citing a loss of confidence, PeopleSoft’s board of directors said it fired President and CEO Craig Conway in a unanimous vote that could have significant ramifications for the fate of the enterprise software company. The surprise announcement said PeopleSoft…
SAN FRANCISCO — UPDATED: In its quest to thwart Oracle’s $7.7 billion hostile bid and remain a standalone company, PeopleSoft plans to partner with IBM for its middleware support, CEO Craig Conway said today. During a company-sponsored conference here, the…
A federal judge has cleared the way for Oracle’s $7.7 billion hostile takeover bid for PeopleSoft, but the plan still has many hurdles ahead. U.S. District Court Judge Vaughn R. Walker issued his 164-page ruling late Thursday saying the antitrust…
Ever-expanding Internet access and faster broadband connections make Web-based applications such as NetSuite’s NetSuite Small Business more appealing to a larger audience. This powerful online accounting system is the latest incarnation of a program that used to be called NetLedger…
While it waits for a federal court to rule on its hostile bid for PeopleSoft, Oracle is keeping the deal in play. The database giant extended its previously announced tender offer of $21 for all of the common stock of…
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…