Tech research and analysis provider Gartner expects no "dramatic difference" to software maker PeopleSoft in the short term after it surrendered to Oracle's hostile takeover.
BEA Systems is expected to let Oracle's US$6.7 billion buyout offer expire, as the two rivals dig their heels in deeper.
Oracle director Joseph Grundfest acknowledged during courtroom testimony Thursday that the company's US$21-a-share offer for PeopleSoft may not be its last.
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.
PeopleSoft offered a glimpse at the price of blocking Oracle's hostile takeover bid in a regulatory filing Monday.
The two-year hostile takeover battle between Oracle and PeopleSoft has apparently not left Dave Duffield winded.
Is PeopleSoft's founder and long-time chief executive back at the helm to accept Oracle's takeover bid, or to dig in for a long-term battle?
OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
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.
Consolidation of Oracle's business applications into a single code base has passed the halfway mark, but the company's customers won't be forced into an upgrade before they're ready, Oracle executives promised an attentive crowd of more than 400 primarily JD Edwards users at this week's Quest '06 conference in Melbourne.
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