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Applications

Gloves off in PeopleSoft fight

Oracle said it wants to purchase rival PeopleSoft for $5.1 billion in cash. J.D. Edwards, in the process of being acquired by PeopleSoft, charged Oracle with tortious interference.

roundup It?s been an eventful week since Oracle announced that it intends to purchase rival PeopleSoft for $5.1 billion in cash. Most recently, J.D. Edwards--which is in the process of being acquired by PeopleSoft--charged Oracle with tortious interference. Meanwhile, Oracle?s hostile bid highlights a glaring weakness in its own business.


The $1.7 billion suit claims that the database maker has illegally interfered in Edwards' proposed merger with PeopleSoft.
June 12, 2003


The software maker's board of directors unanimously recommends that stockholders reject Oracle's takeover offer and reaffirms its commitment to the J.D. Edwards deal.
June 12, 2003


Fourth-quarter earnings beat analysts' expectations and Oracle CEO Larry Ellison maintains he is offering a fair price for PeopleSoft.
June 12, 2003


Oracle's attempt at a hostile takeover of its rival is yet more evidence of the database giant's struggles to find solid footing in the applications marketplace.
June 12, 2003


The software maker files plans with the Justice Department and the Federal Trade Commission to take over rival J.D. Edwards, despite being the target of an Oracle buyout bid.
June 12, 2003

previous coverage


The company's hostile takeover bid for PeopleSoft will expire early next month, but Oracle expects to extend the offer, according to the formal offer filed Monday with the SEC.
June 9, 2003


update Oracle announces a surprise $5.1 billion takeover bid for the enterprise-software maker, just days after PeopleSoft said it was acquiring rival J.D. Edwards for $1.7 billion.
June 6, 2003


Now that PeopleSoft has been put into play, the rumor mill is in overdrive--with IBM, SAP and Microsoft all mentioned as possible bidders.
June 6, 2003


IT executives using PeopleSoft products try to make sense of the proposed buyout. A big worry: What will happen to customer support?
June 6, 2003


news.commentary Over the next few weeks, PeopleSoft's shareholders will decide the fate of Oracle's hostile takeover effort. What's clear is that if the bid succeeds, customers will lose.
June 9, 2003


PeopleSoft's decision earlier this week to swallow J.D. Edwards led Oracle to launch its hostile takeover of the software maker, many analysts say. But why?
June 6, 2003


Oracle's bid may have prompted one reaction that CEO Larry Ellison wasn't counting on: PeopleSoft's stock shot up more than 20 percent.
June 6, 2003


update The $1.7 billion marriage would help PeopleSoft expand its business presence in manufacturing, distribution and asset-intensive industries.
June 2, 2003