Welcome!

Recurring Revenue Authors: Zakia Bouachraoui, Pat Romanski, Yeshim Deniz, Elizabeth White, Xenia von Wedel

Related Topics: Recurring Revenue, Linux Containers

Recurring Revenue: Article

Oracle's PeopleSoft Takeover Bid Can Go Ahead, Judge Rules

Oracle's PeopleSoft Takeover Bid Can Go Ahead, Judge Rules

Related Links:
  • Oracle Wins
  • A Pox on Oracle and PeopleSoft, Say Two Schools Behind "Kuali"
  • PeopleSoft Quarter Sucks
  • Ellison: Acquisition Strategy "Only Way to Survive"


    Oracle chairman Jeff Henley is triumphant: "This decision puts the onus squarely on the board of PeopleSoft to meet with us," he declared.

    Henley made this statement in response to the release of a 164-page decision by U.S. District Judge Vaughn Walker, in which Walker gave his verdict on the antitrust lawsuit filed seven months ago by the US Justice Department and 10 states seeking to block Oracle's would-be "hostile takeover" of rival PeopleSoft. There aren't sufficient grounds to block it, Walker has decided.

    It will now be incumbent on the PeopleSoft board to meet with Oracle and discuss the acceptance by its shareholders of Oracle's offer, Henley believes. 

    The order is stayed for 10 days to allow for a possible appeal, but it was enough to send PeopleSoft stock climbing and seems to bring to end a lawsuit on which Oracle has allegedly spent some $60 million and PeopleSoft even more, some $70 million.

    "Contrary to the characterization of plaintiff's counsel before trial," wrote Judge Walker, "the court found the testimony of the customer witnesses largely unhelpful to plaintiff's effort to define a narrow market."

    "Unsubstantiated customer apprehensions do not substitute for hard evidence," he declared, a reference to the Justice Department's arguments that the planned merger would diminish competition in the market for business software used by companies for such tasks as managing payroll and keeping track of employee records.

    Analysts are calling the decision a major defeat for the government, which warned that the hostile takeover would be bad for business and bad for consumers, who - it argued - would eventually bear the burden of decreased competition.

    "This is great news for all shareholders," a spokesman for the American Shareholders Association, Daniel Clifton, said on hearing of the decision. "I think it should be up to the PeopleSoft shareholders to decide whether this is good for them, and that's exactly what this judge is allowing."


    Related Links:

  • Oracle Wins
  • A Pox on Oracle and PeopleSoft, Say Two Schools Behind "Kuali"
  • PeopleSoft Quarter Sucks
  • Ellison: Acquisition Strategy "Only Way to Survive"
  • More Stories By Oracle News Desk

    Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

    Comments (2)

    Share your thoughts on this story.

    Add your comment
    You must be signed in to add a comment. Sign-in | Register

    In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


    IoT & Smart Cities Stories
    @CloudEXPO and @ExpoDX, two of the most influential technology events in the world, have hosted hundreds of sponsors and exhibitors since our launch 10 years ago. @CloudEXPO and @ExpoDX New York and Silicon Valley provide a full year of face-to-face marketing opportunities for your company. Each sponsorship and exhibit package comes with pre and post-show marketing programs. By sponsoring and exhibiting in New York and Silicon Valley, you reach a full complement of decision makers and buyers in ...
    There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
    LogRocket helps product teams develop better experiences for users by recording videos of user sessions with logs and network data. It identifies UX problems and reveals the root cause of every bug. LogRocket presents impactful errors on a website, and how to reproduce it. With LogRocket, users can replay problems.
    Data Theorem is a leading provider of modern application security. Its core mission is to analyze and secure any modern application anytime, anywhere. The Data Theorem Analyzer Engine continuously scans APIs and mobile applications in search of security flaws and data privacy gaps. Data Theorem products help organizations build safer applications that maximize data security and brand protection. The company has detected more than 300 million application eavesdropping incidents and currently secu...
    Rafay enables developers to automate the distribution, operations, cross-region scaling and lifecycle management of containerized microservices across public and private clouds, and service provider networks. Rafay's platform is built around foundational elements that together deliver an optimal abstraction layer across disparate infrastructure, making it easy for developers to scale and operate applications across any number of locations or regions. Consumed as a service, Rafay's platform elimi...
    The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
    In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace.
    Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Ca...
    New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
    According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.