Software mogul Larry Ellison has agreed to pay US$122 million in a revised settlement with Oracle shareholders, the terms of which were approved on Tuesday in the United States by a California judge.
Oracle has been criticised for withholding information that the database giant claims will give its competitors an advantage, but analysts say the company is just paranoid.
Oracle is determined to buy application developer Retek from under SAP's nose because it is worried that the German firm could rewrite Retek's applications and make them less friendly for Oracle users, according to Oracle's Chairman Jeff Henley.
Oracle's latest message to PeopleSoft boils down to two words: Enough already.
PeopleSoft board members today rejected Oracle's "best and final" offer in the often contentious 17-month hostile takeover battle. But the database software giant says it will still appeal to shareholders.
As early as spring last year, Oracle considered Lawson Software and J.D. Edwards as acquisition targets, according to a videotaped deposition of Oracle's chief financial officer.
Oracle's chief executive says it's alright for companies to use Oracle's business system in conjunction with those from rivals Siebel Systems and SAP, and Oracle will even help them to do it.
Oracle's upcoming 10g database is intended to stave off competition from Microsoft in the midsize-business market, Oracle executives said Thursday.
Oracle on Friday announced a surprise US$5.1 billion takeover bid for enterprise software maker PeopleSoft, only a few days after PeopleSoft said it was acquiring rival J.D. Edwards for $1.7 billion.
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