久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

  Home>News Center>World
         
 

Oracle acquires PeopleSoft in $10.3b deal
(Agencies)
Updated: 2004-12-14 09:00

Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.

Business software maker PeopleSoft Inc. has accepted a sweetened $10.3 billion acquisition offer from rival Oracle Corp., ending a bitter, 18-month hostile takeover battle, the companies said on December 13, 2004. Letters are removed that make up the PeopleSoft logo at the company's headquarters in Pleasanton, California, June 18, 2003. Photo by Tim Wimborne/
Business software maker PeopleSoft Inc. has accepted a sweetened $10.3 billion acquisition offer from rival Oracle Corp., ending a bitter, 18-month hostile takeover battle, the companies said on December 13, 2004. Letters are removed that make up the PeopleSoft logo at the company's headquarters in Pleasanton, California, June 18, 2003. [Reuters]
Oracle sealed the agreement, which was announced Monday, by upping its all-cash offer by 10 percent to $26.50 per share.

The final offer represents a 75 percent premium from PeopleSoft's market value before Oracle launched the takeover battle in June 2003.

"A lot of people compared us to Don Quixote tilting at windmills, but finally we now have PeopleSoft," Oracle CEO Larry Ellison said during an interview Monday. "Clearly, it's a great feeling. It's not that I wanted to win just for the sake of winning. It's the fact that PeopleSoft is instrumental to our strategy."

The resolution pleased investors.

PeopleSoft's shares surged $2.47, or 10.3 percent, Monday to close at $26.42 on the Nasdaq Stock Market, where Oracle's shares climbed $1.35, or 10.1 percent, to close at $14.63. Until Monday's gain, Oracle's stock had been worth roughly the same as when the PeopleSoft saga started.

Bolstered by the addition of PeopleSoft's 12,750 customers and nearly $3 billion in annual revenue, Oracle is betting it can mount a more serious challenge to German software maker SAP's leadership in business applications software — the computer coding that automates a wide range of administrative tasks.

A man walks past the Oracle office in Redwood Shores, Calif., Monday, Dec. 13, 2004. Ending 18 months of bad blood, Oracle Corp. raised its takeover bid for bitter rival PeopleSoft Inc. by 10 percent to seal a $10.3 billion deal that will create the world's second largest maker of business applications software. The agreement, announced Monday, caps a rancorous Silicon Valley feud marked by churlish exchanges between the companies' management teams and colorful courtroom battles.
A man walks past the Oracle office in Redwood Shores, Calif., Monday, Dec. 13, 2004. Ending 18 months of bad blood, Oracle Corp. raised its takeover bid for bitter rival PeopleSoft Inc. by 10 percent to seal a $10.3 billion deal that will create the world's second largest maker of business applications software. The agreement, announced Monday, caps a rancorous Silicon Valley feud marked by churlish exchanges between the companies' management teams and colorful courtroom battles. [AP]
Oracle is already the world's largest supplier of databases — a position it hopes to strengthen by getting PeopleSoft's customers to spurn rival products from Microsoft Inc., IBM Corp. and Sybase Inc. in favor of Oracle's wares.

After completing the takeover next month, Oracle expects the PeopleSoft acquisition to boost its earnings by about $400 million, or 8 cents per share, in the fiscal year ending in May 2006.

"This is a coup for Oracle," AMR Research analyst Jim Shepherd said. "While there were other acquisitions that interested them, none could do for them what this will do."

Oracle eventually hopes to buy other tech companies, but won't consider any other large acquisitions until PeopleSoft is fully digested, Ellison said.

The fate of PeopleSoft's roughly 11,500 employees remains unclear. Oracle at one point drew up plans to fire more than 6,000 PeopleSoft workers, but the company recently has indicated that the purge might not be as dramatic as management originally envisioned.

"It's still going to be bloody for PeopleSoft employees," predicted Garban Institutional Equities analyst Richard Williams.

Keeping PeopleSoft's employees happy won't be as important to Oracle as pleasing most of the customers that it will inherit, Shepherd said.

For the deal to make financial sense, Oracle needs to keep collecting a steady stream of revenue for maintaining and upgrading the software of PeopleSoft customers. Some PeopleSoft customers have expressed serious reservations about the deal, threatening to defect either to SAP or another company specializing in software support.

"Our phones have been extremely busy with calls from PeopleSoft customers seeking an alternative," said Seth Ravin, president of TomorrowNow Inc., a Bryan, Texas-based company specializing in software support. "I think this Oracle is going to face some challenges" keeping PeopleSoft customers.

Oracle hopes to ease the customer concerns by continuing to develop new PeopleSoft products within a separate division of the merged company. "We are going to make heavy investments to keep those customers happy," Ellison said.

PeopleSoft provided Oracle extra incentive to take care of its customers by offering unusual guarantees as it tried to fend off the takeover. The guarantees could force Oracle to refund up to $2.4 billion to PeopleSoft customers if product support diminishes. Oracle doesn't expect to trigger the refund clauses.

News of the long-delayed PeopleSoft deal overshadowed the release of Oracle's financial results for the quarter ended Nov. 30. The company earned $815 million, or 16 cents per share, a 32 percent increase from $617 million, or 12 cents per share, at the same time last year. The earnings per share were two cents above the mean estimate among analysts surveyed by Thomson First Call.

Oracle's revenue rose 10 percent in the quarter to $2.76 billion from $2.5 billion a year ago.

Pleasanton-based PeopleSoft desperately wanted to remain independent, driven in part by the company's deep-rooted disdain for Oracle's products, as well as Ellison's blunt and sometimes ruthless management style. At one point in the corporate skirmish, PeopleSoft employees donned T-shirts declaring, "Larry, Kiss Our Apps!" to convey their defiance.

"This has been a long, emotional struggle," said George "Skip" Battle, a PeopleSoft director who oversaw the Oracle negotiations. "The board salutes our employees for their outstanding dedication to PeopleSoft and is grateful to our customers who have continued to buy our products and stand by us during these uncertain times."

To get the deal done, Oracle also had to overcome the U.S. Department of Justice, which sought to block the deal because it believed the merger would harm drive up software prices and diminish product innovation. A federal judge rejected the government's antitrust claims three months ago, removing one of PeopleSoft's strongest takeover defenses.

Oracle's bid received another boost when PeopleSoft unexpectedly fired its chief executive, Craig Conway, a former Oracle employee who had spearheaded the company's defiant resistance.

Ellison escalated the acrimony by occasionally taunting Conway.

After Conway's ouster, PeopleSoft's board focused on extracting a higher bid while Oracle executives lobbied for a lower price. The posturing changed over the weekend after PeopleSoft's board contacted Oracle to open serious negotiations for the first time since the saga began. The meetings gave Oracle its first chance to see PeopleSoft data that hadn't been publicly available, convincing the company it could afford to raise the bid, Ellison said.

Through November, Oracle had already spent more than $110 million in pursuit of PeopleSoft, which has poured more than $80 million into its takeover defense. As drawn out as it was, the takeover showdown didn't set any records for its duration. Other companies have spent two to four years locked in takeover tug-of-wars.

The truce between Oracle and PeopleSoft came just before the renewal of a Delaware trial focusing on an antitakeover defense known as poison pill. The mechanism represented the final obstacle preventing Oracle from completing the takeover after 61 percent of PeopleSoft's shareholders last month agreed to accept $24 per share.

The Delaware trial and another lawsuit filed by PeopleSoft will be dropped as part of the sale.



 
  Today's Top News     Top World News
 

Sino-Russian joint military drill planned

 

   
 

Country to set up new nuke tech company

 

   
 

Control on SOEs to be tighter to avoid risk

 

   
 

Embassy: No decision made on Japanese aid

 

   
 

36 still trapped in mine, rescue goes on

 

   
 

WTO agrees entry talks with Iraq, Afghanistan

 

   
  Ukraine govt aims to control poison probe
   
  Bush nominates Leavitt for HHS position
   
  WTO agrees entry talks with Iraq, Afghanistan
   
  Suicide attack kills 13 in Baghdad
   
  Israel to pull troops for Palestinian vote
   
  North Korea reconsidering place at nuclear talks
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Advertisement
         
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    五月天在线免费视频| 男女av免费观看| 久草资源站在线观看| 福利视频999| 久在线观看视频| japanese在线视频| 成人中文字幕av| a级黄色小视频| 伊人免费视频二| 欧美两根一起进3p做受视频| 最近中文字幕免费mv| 亚洲福利精品视频| 日韩中文字幕三区| 成人小视频在线观看免费| 一区二区免费av| av视屏在线播放| 精品久久久久久久久久中文字幕| 99中文字幕在线| 网站一区二区三区| 欧美 日韩精品| 日韩a级在线观看| 99热都是精品| 中文字幕一区久久| www.久久91| 男人搞女人网站| 亚洲成熟丰满熟妇高潮xxxxx| av片在线免费| 奇米777四色影视在线看| 永久av免费在线观看| 免费一区二区三区在线观看| 国产免费人做人爱午夜视频| 无码精品a∨在线观看中文| 久久亚洲国产成人精品无码区| 特级西西444www| 一个色综合久久| 美女在线视频一区二区| 色婷婷综合久久久久中文字幕 | 日韩av新片网| 操bbb操bbb| 国产又黄又爽免费视频| 国产精品久久久久久9999| 成人免费在线观看视频网站| 少妇性l交大片| 精品免费国产一区二区| 99久久激情视频| 国产成人精品无码播放| 99视频免费播放| 午夜免费福利在线| 日韩精品视频一二三| 精品久久久99| 国产资源中文字幕| 永久免费在线看片视频| 神马午夜伦理影院| 成年丰满熟妇午夜免费视频| 欧美人与动牲交xxxxbbbb| 丁香六月激情网| 精品无码一区二区三区在线| 成人av一级片| 欧洲熟妇精品视频| 在线观看免费av网址| 久久综合在线观看| 777久久精品一区二区三区无码| 日韩成人三级视频| 大陆极品少妇内射aaaaa| 欧美成人免费高清视频| 亚洲欧美日韩一级| www.久久com| www插插插无码免费视频网站| xxxx18hd亚洲hd捆绑| 亚洲中文字幕久久精品无码喷水| 中文字幕无码不卡免费视频| 在线观看免费视频高清游戏推荐 | 大地资源第二页在线观看高清版| 国产成人精品免费看在线播放 | 欧美精品aaaa| 992kp免费看片| 亚洲精品蜜桃久久久久久| 黄色一级片播放| 日韩肉感妇bbwbbwbbw| a级黄色片网站| 国产精品国产对白熟妇| 免费大片在线观看| 欧美一级免费在线| 男人的天堂狠狠干| 91小视频网站| 久久精品xxx| 特级丰满少妇一级| 国产a级黄色大片| 无码人妻丰满熟妇区毛片18| 日本77777| r级无码视频在线观看| 99视频在线视频| 日韩在线视频在线| 看欧美ab黄色大片视频免费| 一区二区三区日韩视频| 亚洲中文字幕无码专区| 午夜不卡福利视频| 131美女爱做视频| 天天操狠狠操夜夜操| 人妻无码久久一区二区三区免费 | 大片在线观看网站免费收看| 日韩精品视频久久| 午夜探花在线观看| 国产精品wwwww| 天堂а√在线中文在线| 欧美伦理片在线观看| 人人妻人人做人人爽| 天天摸天天舔天天操| 黄色一级在线视频| 91香蕉国产线在线观看| 男女曰b免费视频| www.一区二区.com| 欧美特黄aaa| 日本一本二本在线观看| 天堂а√在线中文在线| 欧美美女一级片| 男女av免费观看| www.xxx麻豆| 日本一本在线视频| 精品日韩久久久| 日韩av一二三四区| 久久这里只有精品8| 亚洲图色中文字幕| 精品久久久久av| 妞干网在线视频观看| 国产系列第一页| 少妇一级淫免费播放| 国产裸体舞一区二区三区 | 成人性生生活性生交12| 男女啪啪免费视频网站| 亚洲av综合色区| 国产美女视频免费看| 国产三级三级三级看三级| 欧美深夜福利视频| 日本久久久网站| 在线视频一二三区| 午夜影院免费版| 蜜臀一区二区三区精品免费视频 | 日韩av一二三四区| 国产一级做a爰片久久毛片男| 手机在线国产视频| 亚洲国产高清av| 一道本视频在线观看| 无遮挡又爽又刺激的视频| 国产精品久久..4399| 少妇大叫太大太粗太爽了a片小说| 男女视频在线观看网站| а 天堂 在线| 色婷婷综合在线观看| 午夜精品久久久久久久99热影院| 国产免费999| 久久精品影视大全| 国产九九在线视频| 91人人澡人人爽人人精品| 久久久精品三级| 日本免费观看网站| 国产区二区三区| 国产精品自拍视频在线| 色婷婷一区二区三区av免费看| 高清av免费看| 久久综合在线观看| 久久精品国产精品亚洲精品色| 一本—道久久a久久精品蜜桃| 午夜啪啪小视频| 老汉色影院首页| 成人午夜免费在线视频| 精品人妻人人做人人爽| 久久久久99精品成人片| 亚洲一区二区三区av无码| 欧美 日本 亚洲| 久久久久久久久久久久久国产精品| 国产h视频在线播放| www黄色av| 99热这里只有精品在线播放| 第一区免费在线观看| 亚洲女人在线观看| 欧美一级爱爱视频| 国产91xxx| 激情 小说 亚洲 图片: 伦| 不卡的av中文字幕| 在线观看污视频| 日日橹狠狠爱欧美超碰| 亚洲成人av免费看| 日本成人性视频| 成人在线国产视频| 日本中文字幕片| 三年中文在线观看免费大全中国| 丰满女人性猛交| 欧美 日韩 亚洲 一区| 国产精品亚洲二区在线观看| 国产三级精品三级在线| 国产精品无码电影在线观看| 无罩大乳的熟妇正在播放| a在线观看免费视频| 男人的天堂成人| 国产又黄又大又粗视频| 午夜精品免费看| 精品无码一区二区三区在线| 性刺激的欧美三级视频| 青青草免费在线视频观看|