New twists boost Oracle in Silicon Valley battle for PeopleSoft
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The Silicon Valley dogfight between Oracle and PeopleSoft took a new turn as PeopleSoft dumped the chief executive leading its takeover defense, and US regulators dropped their antitrust case.
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PeopleSoft's firing of its president and chief executive increased the likelihood that the company would be taken over by the Oracle Corporation.
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As PeopleSoft Inc. and Oracle Corp. continue dragging each other into courtrooms across the country, the trials are bringing to light reams of internal documents and discussions usually hidden from public view. Highlights so far from this week's case in Delaware's Chancery Court include:
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After much speculation that it would raise its bid yet again, Oracle Corp. Monday morning announced its latest offer for PeopleSoft Inc.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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NEW YORK (CBS.MW) -- PeopleSoft shares jumped over 8 percent Friday after the software company fired CEO Craig Conway in a move viewed as paving the way for a new takeover bid from rival Oracle Corp.
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PeopleSoft set the clock on Friday on what may be the final battle in a prolonged war with Oracle. The software firm plans to hold its annual shareholder meeting on March 25, when the firm&#39;s shareholders may
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TO the casual observer, Oracle v. PeopleSoft, the case unfolding in Delaware Chancery Court, is just the latest round in an ugly and long takeover fight between two software giants.
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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.
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SEPTEMBER 20, 2004  - At PeopleSoft Inc.&#39;s Connect 2004 conference in San Francisco this week, the software vendor is expected to face questions from users about its ability to fend off Oracle Corp.
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REDWOOD SHORES, Calif. Investors continue to bet today that most PeopleSoft shareholders will back Oracle&#39;s nine-point-two (b) billion-dollar takeover bid for its bitter rival.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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OCTOBER 04, 2004  - The turmoil surrounding PeopleSoft Inc. and the uncertainty about its future both increased another notch on Friday after the software vendor announced that its board had
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Oracle may yet prevail, but not because its target is surrendering. Digging in for a long fight is more likely. When PeopleSoft&#39;s board of directors fired Chief Executive Craig Conway on Oct. 1, Wall Street
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PeopleSoft Inc., in the midst of fighting a takeover bid from Oracle Corp., is &quot;in better shape&quot; because of the departures of Chief Executive Craig Conway and a senior technology official, a director testified.
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Last week&#39;s news that Oracle will buy PeopleSoft for a small premium over Oracle&#39;s most recent offer was almost the ultimate in anticlimaxes.
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The wrangling between PeopleSoftÂ  and OracleÂ has once again gone to the dogs.