Peoplesoft, Siebel predict rosy Q3
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Corporate licences make for happy software vendors
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U.S. stocks rallied on Monday after  software maker PeopleSoft Inc. PSFT.O accepted a sweetened  $10.3 billion buyout by rival Oracle Corp.'s ORCL.O and other  big deals raised expectations of more takeovers.
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US stocks gained after PeopleSoft Inc. agreed to be bought by Oracle Corp. and Honeywell International Inc. made a UK purchase, signaling that companies are optimistic about the economy&#39;s prospects.
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PeopleSoft Inc. on Monday forecast third-quarter revenue would exceed Wall Street expectations, saying it added 150 new customers and had more large software license transactions than in the previous quarter.
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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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Peoplesoft forecasts stronger-than-expected sales as it prepares to fight a takeover bid from Oracle in court.
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Oracle Corp. , the world's third largest software maker, reported profit that beat Wall Street expectations on Tuesday and gave a positive growth outlook for the current quarter that nudged its shares higher.
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PeopleSoft reported a profit and rising revenue Thursday, as the Pleasanton software company sought to steady its footing after several setbacks in its fight against rival Oracle's &#36;7.7 billion hostile takeover bid.
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Oracle Corp. ORCL.O, the world's  second-largest business software maker, on Wednesday forecast  2005 and 2006 earnings above Wall Street estimates, helped by  its $10.3 billion acquisition of PeopleSoft.
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(InfoWorld) - The tech-heavy Nasdaq has been climbing recently, spurred by some of the usual suspects, such as Google. But Oracle results and prospects for chip makers also inspired confidence among IT investors this week. Expectations have not been great this year for mature areas of the enterprise software market. But Oracle inspired IT investors this week with aÂ strong financial reportÂ that indicates its acquisition strategy has been paying off. Quarterly revenue rose 20 percent to $5.8 billion and profit increased 23 percent to $1.6 billion. Excluding extraordinary charges, Oracle's $0.37 per share in the quarter beat estimates by analysts polled by Thomson Financial, who had forecast $0.35 per share. Oracle shares jumped $0.53 to close at $19.69 on Wednesday, a day after the earnings report, and continued strong. Over the last three years, including theÂ PeopleSoft deal, Oracle has made about 30 purchases for approximately $25 billion. For example, business intelligence software maker Hyperion,Â a recent acquisition, added $43 million to Oracle's new license revenue in the quarter. Oracle is now going after companies that will help the company target sales in vertical markets. On the post-earnings report conference call with analysts, CEO Larry Ellison said that Oracle will continue its acquisition strategy. Meanwhile, Google continues to break records and expectations. Brokerages, including Oppenheimer & Co., Sanford C. Bernstein & Co., and JMP Securities,Â issued bullish analysis reports this weekÂ and raised share-price targets after seeing the company's share price rise about 15 percent over the last quarter. As Google continues to dominate search advertising, however, it has also spent lavishly on R&D, technology infrastructure and acquisitions. Though profit has been great, the spending has sparked some debate. But this week, JMP's Bill Morrison added a new twist to conventional thinking, writing in a research report that the capital expenditures have given Google a cost-efficient technology platform. This platform gives Google an ongoing cost advantage over competitors, he said. After the report, Google shares hit their highest close on Tuesday since the company's 2004 IPO, although they drifted down over the next few days. In the chip sector, a price war between Intel and AMD, coupled with expectations for a soft PC market this year, has caused concern. But some new reports and forecasts have cheered investors lately. Lehman Brothers raised its rating on Intel this week to "overweight" from "equal weight." Lehman analyst Tim Luke cited new product cycles, progress on restructuring, and a reasonable share valuation. The report echoed a similar research paper issued by brokerage Stifel Nicolaus and Co. last week, only that one was directed at AMD. Meanwhile, GartnerÂ said this week that worldwide personal computer shipments are projected to rise 11.1 percent in 2007, higher than previously expected. PC shipments are estimated to increase to 257.1 million from 231.5 million a year earlier as sales in emerging markets grow, Gartner said, in the wake of a similar report several weeks ago from IDC. The news caused shares of Intel and AMD to spike. Intel shares closed at $23.79 Wednesday, up by $0.41, and continued strong Thursday. AMD also spiked on Wednesday, though lost some ground later in the week.
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International Business Machines Corp. could inject some optimism into the market Monday if its third-quarter earnings report indicates information technology spending is on the rebound.
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PeopleSoft says its quarterly revenues will beat analyst expectations, thanks to an increase in the number of orders of more than $1 million.
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Siebel's preliminary earnings forecast is encouraging, but the stock is not cheap.
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Business software company Siebel Systems Inc.  on Wednesday said it expects fourth-quarter sales and profit to beat analysts' estimates, boosted by higher-than-expected licensing revenue.
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Oracle Corp.  posts  quarterly results next week with investors watching for signs  of further strength in its business applications software as it  chases industry leader SAP AG .
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It&#39;s the little victories... As Oracle (nasdaq: ORCL - news - people ) awaits the resumption of its court battle with takeover target PeopleSoft (nasdaq: PSFT - news - people ), two of the software giant&#39;s
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Software maker Siebel Systems Inc. on Wednesday said its third-quarter results swung to a profit on improved licensing revenue. The company reported earnings of $19.