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…
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…