Oracle sees PeopleSoft profit declining
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PeopleSoft's profit may drop "significantly" this year, according to testimony by an Oracle executive.
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Oracle Corp.'s hostile &#36;7.7 billion bid for rival software maker PeopleSoft Inc. could drop by one-third to one-fourth, Oracle co-president Safra Catz said Monday.
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Business software maker Oracle Corp. on Friday said it will release its second-quarter earnings before US markets open on Monday, instead of Thursday, due to issues related to its takeover bid for PeopleSoft Inc.
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At its user conference yesterday, Oracle continued to send out mixed messages about how it will support PeopleSoft products if it succeeds in its $9.2bn (Â£4.8bn) takeover bid for its rival.
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Stock prices are lower in some early-session profit-taking. The Dow Jones Industrial Average is down 13 points in today&#39;s early going.
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Exxon Mobil Corp.  reported a  slight decline in fourth-quarter earnings Thursday due to lower  natural gas prices and shrinking profits from gasoline sales.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Oracle Corp. ORCL.O said on Thursday  it expects to close its purchase of rival software maker  PeopleSoft Inc. PSFT.O on Friday.
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Google Inc  reported a  lower-than-expected quarterly profit on Thursday and predicted  further spending to shore up its operations, sending its shares  down as much as 9.5 percent.
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By Spencer Swartz SAN FRANCISCO  - PeopleSoft Inc.  on Thursday returned to profit in the third quarter from a year earlier with a 12 percent rise in sales that upended market fears that Oracle Corp.'s takeover bid had damaged PeopleSoft's business in the quarter.
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US oil giant Exxon Mobil sees its quarterly profits fall 4.3% after it is hit by falling petrol and natural gas prices.
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ORACLE chief executive Larry Ellison has testified that the business software maker was leaning toward lowering its $US7.7 billion ($10.
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Business software maker PeopleSoft Inc. said Monday that it expects third-quarter revenue to range between $680 million and $695 million, above average Wall Street estimates of $651.
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US software giant Oracle&#39;s $9.2bn (Â£4.9bn) bid for rival Peoplesoft was hanging in the balance on Friday as investors pondered its takeover offer.
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PeopleSoft Inc.  on Thursday reported a quarterly net profit, after a year-earlier loss, as the company saw stronger sales of its  business software than what it had forecast earlier despite its continued fight to block a takeover from rival Oracle Corp.
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PeopleSoft Inc. said its board remains convinced Oracle Inc.&#39;s $24-a-share takeover bid is ``inadequate&#39;&#39; and said it will not sell the company for less than it&#39;s worth.
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Oracle says it will nix the claim unless PeopleSoft shareholders agree to sell at least half their holdings by on Nov. 19.