Database Journal
MS SQL Oracle DB2 Access MySQL PostgreSQL Sybase PHP SQL Etc SQL Scripts & Samples Links Database Forum

» Database Journal Home
» Database Articles
» Database Tutorials
MS SQL
Oracle
DB2
MS Access
MySQL
» RESOURCES
Database Tools
SQL Scripts & Samples
Links
» Database Forum
» Sitemap
Free Newsletters:
DatabaseDaily  
News Via RSS Feed


follow us on Twitter
Database Journal |DBA Support |SQLCourse |SQLCourse2
 

Featured Database Articles

Database News

Posted Jun 12, 2003

PeopleSoft Board Spurns Oracle's Hostile Bid

By DatabaseJournal.com Staff

[From internetnews.com]

PeopleSoft's (Quote, Company Info) board of directors Thursday voted unanimously to recommend that stockholders reject Oracle's (Quote, Company Info) unsolicited $5.1 billion bid to purchase all of the outstanding shares of PeopleSoft for $16 per share in cash.

The move was widely expected. PeopleSoft President and Chief Executive Officer Craig Conway and Executive Vice President and CFO Kevin Parker, presided over a conference call to address the board's decision, but refused to speculate on the future of all the parties involved because filings with the Securities Exchange Commission are underway.

But after brushing off most questions about how PeopleSoft might be affected by Oracle's move, Conway later wondered what might happen to Oracle after the fallout.

The article continues at http://www.internetnews.com/ent-news/article.php/2220981



Database News Archives

Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 




Latest Forum Threads
Database News Forum
Topic By Replies Updated
Efficient SQL Server Indexing by Design lcole 0 April 30th, 12:38 PM
Mine Oracle Database, SQL Server and Other Databases with Monarch Data Pump Pro V10.5 lcole 0 April 30th, 12:37 PM
Oracle Database and Oracle Fusion Middleware for Private Social Network Application lcole 0 April 30th, 12:31 PM
Oracle Database Maintains a Stronghold in the DBMS Market lcole 0 April 30th, 12:30 PM