LA Times: Oracle's Ellison Mulls NFL Team Purchase
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Oracle Corp. Chief Executive Larry Ellison, one of the world's richest people, is looking at possibly owning a National Football League franchise, the Los Angeles Times reported on Thursday.
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LOS ANGELES (CBS.MW) - Oracle&#39;s chief executive Larry Ellison on Friday said the company may be inclined to lower its $7.7 billion hostile offer for PeopleSoft, according to published reports.
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Oracle Corp. CEO Larry Ellison is girding for a showdown with business applications software leader SAP AG and becoming more friendly with frequent rival IBM Corp. as his software company seeks higher profits from its recently completed takeover of PeopleSoft Inc.
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It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
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LARRY ELLISON, the chief executive of Oracle, has raised his offer to buy PeopleSoft by more than $1 billion, marking what could be the final salvo in a 17-month bidding war.
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[Wilmington, Delaware | Reuters News Service, 11 October 2004] - Oracle chief executive Larry Ellison said on Friday that Oracle has talked about revising its $21-per-share offer to buy rival PeopleSoft, but he dented Wall Street expectations by saying
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Oracle Corp. Chief Executive Larry Ellison said he has considered lowering his company&#39;s $7.7 billion hostile offer for PeopleSoft Inc.
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Scoffing at reports alleging the adoption of SOA is slowing, Oracle CEO Larry Ellison said this week that moving to SOA is a slow process but one that presents an opportunity for Oracle.Speaking on Oracle's earnings conference call Wednesday, Ellison said he had read news articles about the slowing adoption of SOA. But he stressed that SOA requires a change in architecture, which takes time to implement."While I've read [these articles], people have to understand when you have a fundamentally new computer software architecture, SOA, it takes a long time for adoption," Ellison said. Moving to SOA is not as easy as flipping a switch, he said."It takes about 10 to 20 years before [you can] rewrite all of your applications," he said. But Oracle sees this process accelerating in its middleware business."We think it's a long-term growth story, it's a very rapid growth story," said Ellison. "It takes a long time for our customers to have a majority of their applications modernized and we think this is a growth story for a decade for us," he said.For the quarter ending November 30, Oracle reported revenues of $5.3 billion, a 28 percent increase over the $4.16 billion reported for the same quarter last year. Net income was $1.3 billion, a 35 percent increase over the $967 million reported for the same time period in 2006.
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Not long after Oracle has bought Peoplesoft, it looks like another big corporate buy out is on the way. Symantec is negotiating to buy storage software vendor Veritas
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Oracle Corp CEO Larry Ellison won the backing of PeopleSoft Inc shareholders for his US$8.8 billion hostile takeover bid, taking him a step closer to clinching the deal after a 17-month fight.
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As Oracle Corp. prepares for another round of court hearings next week over its bid to take over PeopleSoft Inc., company Chief Executive Officer Larry Ellison took the stage Wednesday to elaborate on his
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Oracle again extended its tender offer for PeopleSoft to Friday, Sept. 10 at midnight, Eastern Standard Time. Oracle is offering $21 per share or about $7.
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Can you feel the love? Oracle (nasdaq: ORCL - news - people ) Chief Executive Larry Ellison said again yesterday that that he intends to prevail in his takeover of PeopleSoft (nasdaq: PSFT - news - people
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Oracle Corp. was not the only beneficiary of a federal judge's ruling late Thursday that it could proceed with its $7.7 billion hostile takeover bid for software rival PeopleSoft Inc. Yesterday, the stock prices of numerous software firms surged during widespread speculation that the antitrust ruling could spark a wave of consolidation in the industry.
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SAN FRANCISCO - Oracle Corp. , the third-largest software maker, gave BEA Systems Inc.'s directors five days to consider a $6.7 billion takeover offer before it expires. BEA said it can't accept Oracle's price.
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Oracle Corp. CEO Larry Ellison aimed his famously barbed tongue outside the technology industry Wednesday, taunting the owners of the San Francisco 49ers for refusing to sell the &quot;worst team in football.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) Chief Executive Larry Ellison said on Friday his company has talked about revising its current $21-per-share offer to buy rival PeopleSoft Inc.