Though the lazy days of summer are fast approaching, the tech world is anything but idle: PeopleSoft rejected a hostile bid from Oracle, Sun held its Java conference and Microsoft bought an antivirus technology developer.
PeopleSoft formally turned down Oracle's unsolicited takeover bid, arguing that the deal raises antitrust concerns and "dramatically undervalues" the software maker. Instead, PeopleSoft said it would proceed with its planned $1.7 billion buyout of J.D. Edwards and it filed the required paperwork to win approval with the Federal Trade Commission and the U.S. Department of Justice.
The plot thickened when J.D. Edwards announced that it would sue Oracle, contending that the database maker has interfered illegally in its planned merger with PeopleSoft. "Oracle's unsolicited offer for PeopleSoft will only destroy value for our companies' shareholders, customers and employees--and the technology community overall," J.D. Edwards Chief Executive Dob Dutkowsky said.
The lawsuit, filed in J.D. Edwards' home state of Colorado, alleges that Oracle has "tortiously interfered" with the buyout and seeks at least $1.7 billion in damages.
Sun held its Java conference and announced a slew of deals to expand the use of its programming language. In one deal, Sun said Dell and Hewlett-Packard would ship Java technology on all PCs, circumventing Microsoft, which has been battling to remove Java from Windows XP.
Jumping on the wireless bandwagon, Sun also announced an alliance with cell phone makers that's aimed at making it easier to deploy Java applications on personal digital assistants (PDAs), cell phones and "smart" phones. "We are simplifying the whole process of getting applications to market," Juan Dewar, senior director of Sun's consumer, mobility and strategic solutions group, told CNET News.com.
"Customers told us they needed a safer, more trustworthy computing experience to help combat the threats posted by those who write viruses and malicious code," said Mike Nash, Microsoft's vice president of security business.
The acquisition also creates new competition for existing antivirus software makers, including Network Associates, Symantec and Computer Associates International.
Congress also got into the act. Sen. Chuck Schumer of New York teamed up with the Christian Coalition in for $1,000 per unlawful message. The so-called Spam Act is the latest in a series of antispam bills that have been introduced in Congress this year.