Oracle News Desk

(October 12, 2007) - Dana Gardner says: 'Someone had to pull the trigger, and few companies could better leverage and extend the value of BEA than...Oracle.' Jeff Schneider says: 'It is interesting to look at the list of companies that [still] didn't get acquired...The odd balls include: Sybase, Tibco, Cognos, Adobe, Citrix, BMC, Red Hat and Computer Associates. In my opinion, these companies need to find a home - and soon.' The industry is responding fast and furiously to the news that Oracle has pounced on BEA, which is hopes to acquire for just $6.6BN after eyeing it up ever since 2004. Gardner continues:"Speculation has swirled for years that BEA was going to have a tougher time remaining independent. But the circling buzzard moves by activist investor Carl Icahn put the pressure on those interested in BEA to move before Icahn managed to jack the price up -- or fo... (more)

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... (more)

Ted Farrell of Oracle Corporation

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Oracle Buying Spree Continues: PeopleSoft, Retek, Now TimesTen

A spin off of Hewlett-Packard, venture-backed TimesTen, is to be acquired by Oracle. According to Andrew Mendelsohn, senior vice president of Oracle Database Server Technologies, what Oracle's high-end customers with demanding data-processing jobs seek are the tools made possible by in-memory data storage and caching capability. So in buying TimesTen, what Oracle gets is a company with readymade 'real-time' data processing software - the type used in applications such as securities trading and large-scale telecom billing. "The TimesTen technologies will be a natural extension of ... (more)

Oracle Buys Majority of India Software Company for $909 Million

Oracle has announced an agreement to buy Citigroup's 41% equity interest in i-flex. Oracle also announced an open offer to purchase up to an additional 20% ownership interest in i-flex. Following regulatory clearances, Oracle is expected to become the majority shareholder of i-flex through these transactions. i-flex will continue to operate under current management and remain a publicly traded company. i-flex customers and partners are encouraged to continue using existing contacts for support, professional services and sales to address your ongoing needs. This transaction unde... (more)