Oracle is muscling in on SAP's bid to buy software maker Retek, saying it plans to best its rival's US$8.50 per share offer with a US$9 bid on Wednesday in the US.
Oracle appears to be adding insult to injury in its merger with PeopleSoft--taking the unusual step of notifying workers of their termination by sending pinks slips via express mail to their homes.
Oracle dropped the axe Friday in the US, announcing plans to lay off 5,000 workers in its effort to squeeze costs out of its US$10.3 billion software merger with PeopleSoft.
The clock is really ticking on Oracle's US$8.8 billion PeopleSoft bid.
Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft's outstanding shares.
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
A team of researchers at software maker SAP is studying how to make the company's line of business applications easier to use and modify, an effort within the company known by the code name Project Vienna.
Businesses will remain frugal information technology buyers in 2003, according to a new survey published Thursday by investment firm Goldman Sachs.
Business software maker SAP plans to release an updated version of its e-commerce applications that includes new tools for selecting and coordinating with suppliers.
Microsoft's CRM software features an email identifier that some customers could cause legitimate communications to be seen as spam, but the company says it has not received many complaints.
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