PeopleSoft, IBM tie up, thumb nose at Oracle
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SAN FRANCISCO, SEPTEMBER 22: Peoplesoft Inc will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corpâs $7.
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Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a &#36;10.3 billion deal that promises to shake up the business software industry.
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PeopleSoft will bundle its future business applications with IBM&#39;s infrastructure software as part of a billion-dollar technology and marketing agreement between the two companies.
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Investors bet that now that PeopleSoft has fired Conway, the way is paved for a friendly deal. That was how most Wall Street analysts summed up Oracle&#39;s chances of finally acquiring rival software maker PeopleSoft
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Oracle may be breathing fire down its neck with an ongoing hostile takeover effort, but PeopleSoft is trying to withstand the siege and stay independent. The business software company has struck a pact with IBM to woo customers and bolster its business, although there's plenty of debate over whether Big Blue will pull off a dramatic rescue.
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special coverage Assuming Oracle will win its antitrust suit, traders are scooping up PeopleSoft options.
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While all eyes are focused on PeopleSoft's (Nasdaq: PSFT) firing of Craig Conway, the ground may be shifting under other enterprise-software vendors. The recently announced PeopleSoft-IBM partnership will spell bad news for SAP (NYSE: SAP), the Yankee Group predicts.
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To hear Oracle (Nasdaq: ORCL) tell it, PeopleSoft (Nasdaq: PSFT) users, as well as its stockholders, are becoming more comfortable with -- or at least resigned to -- the idea of Oracle's proposed acquisition of the enterprise software company.
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The combination of PeopleSoft applications with Oracle&#39;s database and middleware products could lead to a closer relationship between IBM and SAP.
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PeopleSoft Inc. and IBM announced recently that they will establish the most significant enterprise applications alliance in the history of the two companies.
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Oracle is in merger talks with other technology companies as it awaits the outcome of its $9.2 billion hostile takeover attempt for rival PeopleSoft.
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PeopleSoft will include free copies of IBM&#39;s WebSphere middleware products with every set of its applications sold. Both companies will market the joint products and will collaborate to improve future interoperability.
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PeopleSoft Inc. is trying to create a party-like atmosphere at its annual customer conference, but this week's gathering may feel more like a wake with rival Oracle Corp.'s &#36;7.7 billion takeover bid looming larger than ever.
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Oracle (Quote, Chart) issued a final $24 per share offer for PeopleSoft (Quote, Chart), gearing up for a final run at the elusive enterprise applications company it has been trying to acquire since June 2003.
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Oracle Corp.&#39;s takeover tug-of-war with rival business software maker PeopleSoft Inc. intensified Tuesday as two shareholders who own nearly 20 percent of PeopleSoft&#39;s stock indicated they are prepared to line up on opposite sides of the battle lines.
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PeopleSoft Inc. (PSFT) is gearing up for a proxy fight at its annual meeting next spring, a sign that its executives believe rival Oracle Corp.
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PeopleSoft Inc. has scheduled its annual meeting for March 25, setting the date for a potentially decisive showdown in a fierce battle to fend off rival Oracle Corp.