Oracle&#39;s Wish Comes True
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government&#39;s effort to thwart the $7.
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LOS ANGELES (CBS.MW) -- Oracle shares jumped Wednesday morning after the corporate software giant&#39;s quarterly results narrowly outpaced expectations overnight, with strength at its core database operations offsetting declines in its applications business.
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That was the message sent by Oracle Corp. on Monday as the company made a &quot;best and final&quot; offer to take over PeopleSoft Inc.
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As is his custom, Oracle's CEO has interesting comments about the software world.
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With PeopleSoft&#39;s stockholders tendering more than 60 percent of shares, Oracle&#39;s takeover bid looks poised for success. By Associated Press.
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SAN FRANCISCO Oracle Corporation appears destined to complete its long-sought takeover of rival PeopleSoft. To fight the takeover, PeopleSoft will have to become more profitable and prove it&#39;s worth more than
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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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Oracle&#39;s  search for a  smoking gun to prove the truth of its allegations that rival  SAP  stole its software is likely to be long and  arduous, making an out-of-court settlement attractive for both  parties.
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Blog: Oracle just reported its earnings for Q4 2006, and knocked the proverbial ball out of the park.  In the land of the proprietary vendors, Oracle may well be king.
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SAN FRANCISCO - Oracle has reported a 16 per cent rise in quarterly net income as the world&#39;s second-largest software company benefited from steady demand for its flagship database software.
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Want to become a better investor? The Oracle has already spoken.
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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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I went into this week&#39;s PeopleSoft Connect user conference expecting to find the shadow of Oracle&#39;s hostile takeover bid casting a pall over the proceedings.
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Plus, Oracle's still in hot pursuit, and put me in, Coach!
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Oracle has taken official control of rival PeopleSoft following this week&#39;s decision by PeopleSoft shareholders to tender 75 percent of outstanding stock holdings to the US database and applications giant.
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If you were expecting a sneak peak of an open source Solaris or to buy the new commercial version next week, don&#39;t hold your breath.
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While PeopleSoft continues to fend off OracleÂs takeover bid, a subplot is unfolding in the world of corporate software.