PeopleSoft formally turned down Oracle's unsolicited takeover bid,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 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,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 , 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'son 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.
In a speech, Sun Chief Executive Scott McNealy, a further sign that it is making inroads against the competition.
Microsoft's antivirus play
Not to be outdone, at least on another front, Microsoft , a Romanian antivirus developer, to improve security in Windows. Financial terms were not disclosed.
"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.
Like computer viruses, spam continues to rank as a major annoyance for consumers. This week, the Federal Trade Commission asked Congress for the authority to crack down on spam. Proposed legislation, called the International Consumer Protection Enforcement Act, would in order to find and prosecute violators.
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.
Also of note
As soon as Monday, SCO Group , the latest step in the legal battle between SCO and IBM...Sony offered more , including news that only the company's top executives will decide what the products will be...A legal dispute between Apple and The Open Group over ownership of the Unix trademark is ....Gateway is , Chief Executive Ted Waitt said in an exclusive interview with CNET News.com.