People Telecom CEO John Stanton has resigned, the company announced yesterday.
HP has announced that EDS chief executive Ronald Rittenmeyer will retire effective 31 December with current EDS senior VP Joe Eazor set to take his place.
M2 Telecommunications announced today it will take over People Telecom in a combined stock and cash deal.
Aussie software company MYOB has brought an application before the takeovers Panel seeking an order to prevent buyout consortium Manhattan Software Bidco from sending out its bidder's statement to MYOB shareholders.
Microsoft CEO Steve Ballmer today said that Microsoft was "not interested" in making a new offer for internet company Yahoo, despite Yahoo's share price currently sitting at less than half what Microsoft initially offered.
As Microsoft's deadline for Yahoo to accept its takeover bid passes, the tech world is still waiting for information from either company on their wedding plans.
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.
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