Comments
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..
Did you read today's front page stories & breaking news?
SYS-CON.TV: JBoss's Seam: Eliminate Complexity and Build Next-Generation Web 2.0 Applications

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
MORE »
SYS-CON.TV
News
Breaking News: Ellison's $8.8 BN Is Oracle's "Best and Final" Offer for PeopleSoft
First-ever deadline set by Oracle for acceptance: midnight November 19

By: Oracle News Desk
Nov. 1, 2004 12:00 AM

It began at at $16 a share. Then twice it went up to $26 a share, before ending at for the past few months at $21.

"It" is Oracle's tender offer for PeopleSoft shares. And now it has just gone to a new position of $24. This really, truly, madly, deeply is Oracle's final offer, apparently. The bid values PeopleSoft at $8.8 billion.

Additionally Oracle's Larry Ellison and Chairman Jeff Henley have written to the PeopleSoft board saying said Oracle will drop most of the conditions to the offer (though not the demand that PeopleSoft drops its poison pill and other obstacles to the takeover.)

"The PeopleSoft board of directors is the only obstacle to stockholder consideration of our offer,'' Ellison and Henley wrote.

The $24 ball now lies in the PeopleSoft board's court. For the first time ever there is a deadline on the offer: if a majority of shares have not been tendered by midnight Nov. 19, the offer will be withdrawn. 

According to Reuters, This is the first time since the bid was launched in June 2003 that Oracle has set such a deadline.

Today's news follows hard on the heels of last week's news that the 25-member European Commission (EC) would reportedly announce the removal the last remaining obstacle in Europe to Oracle's hostile takeover bid for PeopleSoft, after a year-long review of the deal. News which in turn followed shortly after the US court ruling against the Justice Department and in favor of the Oracle bid going ahead. 
 

Published Nov. 1, 2004— Reads 17,625 — Feedback 4
Copyright © 2004 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
About Oracle News Desk
Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

Hehe, Larry's hoping PeopleSft reject it. He doesn't want to do the deal, he wants out, but has to at least make a decent offer... my guess is this really is his final offer...

Larry should buy BEA instead. A much better deal.

Get a life Larry. Fix your own apps instead of trying to kill your strongest domestic competition. If your products were really that strong, then you'd be able to compete better against PeopleSoft and SAP. Invest the $$ in re-engineering the Oracle apps, the same as PeopleSoft did, and perhaps you'll catch up with PeopleSoft one day. And perhaps you'll get an ounce of respect from the investment community and you'll break free from the $12/share range.

PeopleSoft's current customers will never let any takeover attempt go unchallenged. These companies have invested far too much in the PeopleSoft apps to allow some renegade moron to come along and kill the brand.

This is Larry's final, final offer again. (Not.)


Your Feedback
flying_trader wrote: Hehe, Larry's hoping PeopleSft reject it. He doesn't want to do the deal, he wants out, but has to at least make a decent offer... my guess is this really is his final offer...
borlandforever wrote: Larry should buy BEA instead. A much better deal.
rb39256 wrote: Get a life Larry. Fix your own apps instead of trying to kill your strongest domestic competition. If your products were really that strong, then you'd be able to compete better against PeopleSoft and SAP. Invest the $$ in re-engineering the Oracle apps, the same as PeopleSoft did, and perhaps you'll catch up with PeopleSoft one day. And perhaps you'll get an ounce of respect from the investment community and you'll break free from the $12/share range. PeopleSoft's current customers will never let any takeover attempt go unchallenged. These companies have invested far too much in the PeopleSoft apps to allow some renegade moron to come along and kill the brand.
jjj96555 wrote: This is Larry's final, final offer again. (Not.)
SOA World Latest Stories
By Ravi Muthusubramanian
In Aug 2011, around 72 million people accessed social networking sites from mobile, increase of 37% from previous year (study by ComScore) and nearly 50% (of 72 million) access networking sites almost every day. Devising a cohesive strategy for addressing both mobility and social medi...
By Maureen O'Gara
In a surprise move on Tuesday, January 10, Oracle wheeled out its Big Data Appliance. That’s the one it said in October would be ready sometime in the first half. Only nobody believed it meant early in the first half. Heck, it’s not even clear anybody thought Oracle could make the fi...
By Maureen O'Gara
A Munich court Thursday found Motorola Mobility guilty of infringing an Apple patent and handed Apple a permanent injunction against two Android smartphones. Apple can enforce the injunction after posting a bond lest MMI succeed in invalidating the slide-to-unlock patent (EP1964022) ...
By Tomer Teller
Quick Response (QR) codes are intended to help direct users quickly and easily to information about products and services, but they are also starting to be used for social engineering exploits. This article looks at the emergence of QR scan scams and the rising concern for users today....
By Maureen O'Gara
The Chinese company that claims it owns the iPad trademark says it plans to seek a ban on iPad exports out of China, threatening global supplies. According to what a lawyer for Proview Technology (Shenzhen) Co Ltd told Reuters, the firm is petitioning Chinese customs to stop shipment...
By Maureen O'Gara
Cisco Wednesday filed suit in the European Union’s second-highest court, the General Court in Luxembourg, challenging the European Commission’s rubber stamp last October of Microsoft’s $8.5 billion acquisition of Skype. Cisco says it isn’t opposed to the merger, but figures the EC sh...
MORE »
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers
Most Read This Week
By Jeremy Geelan
By Bob Hockman
By Brian McCallion
By Steven Yaskin
By Jeremy Geelan
By Jeremy Geelan
By Udayan Banerjee
By Jeremy Hess
By Udayan Banerjee
By Maureen O'Gara
By Liz McMillan
By Hollis Tibbetts
ADS BY GOOGLE