PeopleSoft Expects Sales Above Estimates
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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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In the final days before shareholders decide on Oracle's takeover bid for rival software maker PeopleSoft,  PeopleSoft is bracing for the worst. Oracle officials say they won't know until shortly before a  Nov. 19 deadline if a majority of PeopleSoft shareholders support the &#36;8.8 billion offer.
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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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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Monday forecast third-quarter revenue would exceed Wall Street expectations, helped by an increase in customers making larger orders for its business software.
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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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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, returns to profit in the third quarter.
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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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Seagate Technology, the top US maker of computer hard-disc drives, on Tuesday forecast quarterly earnings and revenue above Wall Street estimates amid stronger demand for its products than in the previous quarter.
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Strength in the software giant&#39;s mainstay product powered a healthy quarter. Weakness elsewhere shows why PeopleSoft is a target.
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SAN FRANCISCO - Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, overcoming sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.    The Redwood Shores-based company said Tuesday it earned $509 million, or 10 cents per share, during the three months ended in August, a 16 percent improvement from $440 million, or 8 cents per share, at the same time last year...
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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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REDWOOD SHORES, Calif. Investors continue to bet today that most PeopleSoft shareholders will back Oracle&#39;s nine-point-two (b) billion-dollar takeover bid for its bitter rival.
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Shares of PeopleSoft Inc.  traded near a one-year high on Thursday after analysts raised their earnings outlooks for the business software maker, which continues to fight a &#36;9.2 billion hostile takeover bid by 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 data showed  better-than-expected November retail sales, signaling an uptick  in consumer spending.
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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, has returned to profit.
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SAN FRANCISCO -- Bolstered by investors, Oracle Corp. appears destined to complete its long-sought takeover of PeopleSoft Inc. unless its rival becomes more profitable and proves it's worth more than the $9.2 billion bid currently on the table.
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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.