Oracle&#39;s Catz Sees PeopleSoft Profit Declining
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PeopleSoft Inc.&#39;s profit may drop ``significantly&#39;&#39; this year, and the company may have trouble surviving on its own, Oracle Corp.
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Oracle Corp. ORCL.O will cut  5,000 jobs as it combines with PeopleSoft Inc., the business  software rival it acquired for $10.3 billion after a bitterly  fought takeover battle, the company said on Friday.
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An Oracle executive testified that she expected PeopleSoftÂs earnings would continue to drop in the wake of OracleÂs hostile takeover bid.
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Oracle Corp.&#39;s acquisition of PeopleSoft Inc. on Monday means about 2,000 Denver-area jobs hang in the balance. An analyst said Denver-area sales and marketing positions within the former JD Edwards line are among the most vulnerable.
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Oracle co-president Safra Catz said today Oracle's hostile $7.7 billion bid for PeopleSoft could drop by one-third to one-fourth.
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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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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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Software maker PeopleSoft is girding itself for a proxy battle as part of its 17-month takeover battle with Oracle, indicating it fears its shareholders are tempted to sell to its rival.
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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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SAN FRANCISCO Sept. 15, 2004 - Oracle Corp. topped Wall Street&#39;s profit forecast, but the business software maker saw sales of its business applications software slide 36 percent with the reversal of that
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Oracle's (Nasdaq: ORCL) promise to step away from its pursuit of PeopleSoft (Nasdaq: PSFT) if less than 50 percent of the company's shares are tendered by Friday may not be the last word in the deal.
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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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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices and refining margins.
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Oracle Corp. chief executive Lawrence Ellison said discussions within the company at this point are leaning toward lowering the &#36;21-a-share bid Oracle is offering for rival PeopleSoft Inc.
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A blowout quarter is sullied by lower applications revenue, strengthening the case for a deal for PeopleSoft.
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WILMINGTON, Del. Another Oracle executive says the company could lower its offering price for rival PeopleSoft. During testimony this morning in Delaware, Oracle co-president Safra Catz said PeopleSoft&#39;s declining