Re: Corporate takeovers

From: dooley (dooleys_at_snowy.net.au)
Date: 06/10/03 

Date: 9 Jun 2003 18:47:51 -0700

"Main, Kerry" <Kerry.Main@hp.com> wrote in message news:<FD827B33AB0D9C4E92EACEEFEE2BA2FB058912@tayexc19.americas.cpqcorp.net>...
> > -----Original Message-----
> > From: JF Mezei [mailto:jfmezei.spamnot@istop.com]
> > Sent: June 7, 2003 12:49 AM
> > To: Info-VAX@Mvb.Saic.Com
> > Subject: Corporate takeovers
> >
> >
> > Oracle buys Peoplesoft.
> >
> > Corel (owner of Wordperfect) sells itself to a california
> > venture capitalist for a very low price.
> >
>
> JF -
>
> I thought you were joking .. Holy smoke !
>
> Reference Oracle press release:
> http://www.oracle.com/corporate/investor relations/FINALpsft.pdf
> "ORACLE TO LAUNCH CASH TENDER OFFER FOR PEOPLESOFT FOR $16 PER SHARE
>
> Oracle Q4 preliminary earnings of 14 to 15 cents per share
>
> Redwood Shores, Calif., June 6, 2003-Today, Oracle Corporation announced
> that it will commence a cash tender offer to purchase all of the
> outstanding shares of PeopleSoft, Inc. (Nasdaq: PSFT) for $16 per share,
> or approximately $5.1 billion. Separately, Oracle announced that it will
> meet or exceed consensus earnings estimates for the fiscal fourth
> quarter.
I think it went like this :-

SAP announces deal with MySQL - Oracle don't really mind SAP
outselling them
in the applications market as they usually get the database in an SAP
sale,
however MySQL is another matter...

Peoplesoft announces merger with JD Edwards - Oracle again usually get
the database in a Peoplesoft sale, but JD Edwards preferered database
is DB2...

Oracle bids $16 for Peoplesoft (when the market price was $18)

As usual the only people laughing are Microsoft, who are quietly
embedding
sql server into their operating systems

Phil

Relevant Pages