BEA Systems is expected to let Oracle's US$6.7 billion buyout offer expire, as the two rivals dig their heels in deeper.
PeopleSoft does not have the critical mass to survive and will be bought out, Oracle co-president Charles Phillips said in Melbourne today.
Oracle is sketching a broad outline of its US$10 billion PeopleSoft merger plans, but it's keeping major details, such as how many workers it plans to lay off, under wraps.
Oracle co-President Charles Phillips on Monday outlined a case for challenging the U.S. Justice Department's lawsuit blocking his company's hostile US$9.4 billion bid to buy PeopleSoft.
He's understandably giddy about receiving an unexpectedly early holiday gift, but Larry Ellison's next move should be to phone Ray Ozzie.
The board is only telling half the story behind the surprise firing of PeopleSoft's CEO.
Project Fusion will provide a common basis for all Oracle applications and compete head-to-head with the German rival's NetWeaver middleware.
Software maker Oracle said on Monday it will acquire rival Siebel Systems in a deal worth US$5.8 billion, marking the second major competitor the company has targeted since mid-2004.
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
Thousands of customers attending what could be PeopleSoft's last independent annual conference want to know: Will Oracle prevail?
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