Oracle late Friday said it has lowered its bid to acquire PeopleSoft to US$21 a share, saying the reduced bid "reflects changes in market conditions."
Following similar moves by most of its rivals, enterprise software maker PeopleSoft has launched a set of business applications targeted at small and medium businesses in Asia.
PeopleSoft's troubled run in the education Information Technology market is continuing.
Oracle and federal antitrust regulators are grappling with a key definition that would influence the direction of the government's review of Oracle's bid to merge with rival PeopleSoft.
PeopleSoft investors who tendered their stock to Oracle when its hostile bid stood at US$26 a share will find the only price that counts is the latest offer of US$21.
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At an analysts' event, the company discusses PeopleSoft, its planned entry into the market for collaboration software and more.
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The software maker files plans to take over rival J.D. Edwards with the Justice Department and the Federal Trade Commission, despite being the target of an Oracle buyout bid.
The US Justice Department's dramatic defeat in the Oracle anti-trust trial underscores the unique character of software: It's a fast-paced, dynamic industry that makes a lousy target for trustbusters.
Despite claims during the PeopleSoft-Oracle merger trial, Microsoft tries to get PeopleSoft clients to migrate to its software.
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It's a new year, and that can only mean a lot of new goodies hitting the stores. Check out this week's Australian product releases.
This week there's a lot of goodies for the systems administrator of an enterprise, perhaps looking to make life a bit easier or more secure. Check out this week's new product releases.
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