Before the Bell: Oracle, PeopleSoft Jump
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Shares of Conexant Systems Inc.  CNXT.O fell 15 percent before the bell on Monday after the  chip maker warned quarterly sales and earnings will be lower  than expected.
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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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PeopleSoft said it could accept a takeover bid from Oracle and now needs time to weigh on it. Oracle has been haunting PeopleSoft for 15 months with the possible bid of $7.
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US stocks added to earlier gains on Monday after software maker PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) accepted rival Oracle Corp.
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U.S. stocks rose on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O buyout offer and a government report showed  better-than-expected retail sales in November, signaling an  uptick in consumer spending.
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Fresh off a surprising legal victory in its bid to acquire PeopleSoft, Oracle reported a 16 percent jump in profit Tuesday, beating Wall Street&#39;s estimate by a penny.
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Investors welcomed the end of Oracle Corp.&#39;s 18-month battle to take over PeopleSoft Inc., pushing stocks higher Monday. A better-than-expected survey of retail sales also helped the markets.
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Rebounding from sales shortfalls last quarter, business applications vendors PeopleSoft Inc. and Siebel Systems Inc. each released preliminary third-quarter results on Monday showing higher revenue than they had previously forecast.
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US stocks were set for a higher open on Monday, helped by news business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) struck a deal to buy rival PeopleSoft
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Software stocks rose on Friday on speculation there may be more mergers in the industry after a US judge allowed Oracle Corp. to proceed with its takeover of rival PeopleSoft Inc.
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NEW YORK: Wall Street rallied Friday on mostly upbeat economic news, with the technology sector lifted by a shakeup at PeopleSoft that boosted expectations for a high-profile merger.
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Stock index futures pointed higher on Thursday after reassuring results and outlook from business software maker Oracle, though nervousness before investment bank Bear Stearns Co Inc's  results and key data on U.S. economic growth held the advance in check.
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Investor's Business Daily - The oracle of Oracle   seems to have pulled another rabbit out of his hat in his quest to buy rival PeopleSoft  . A majority of PeopleSoft shareholders appeared poised Friday to accept Oracle's offer of &#36;24 per share, though two analysts said it would be close. (Oracle planned to reveal results of its tender offer at about midnight, after press time.)
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US stocks rallied on Monday after software maker PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) accepted rival Oracle Corp.&#39;s (ORCL.
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Wall Street stocks were expected to open mixed on Friday, with technology stocks gaining ground led by PeopleSoft Inc  but blue chips held back by a profit warning from Alcoa Inc. .
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U.S. stocks rose on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O buyout offer and data showed  better-than-expected November retail sales, signaling an uptick  in consumer spending.
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Business software maker Oracle Corp.  on Friday said it will release its second-quarter earnings before U.S. markets open on Monday, instead of Thursday, due to issues related to its takeover bid for PeopleSoft Inc. that may come up in court later on Monday.