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SYS-CON Live Coverage of PeopleSoft - via Google News SYS-CON Live Coverage of Oracle - via Google News (December 13, 2004   9:18 AM) Speaking on CNBC, Larry Ellison this morning conceded what everyone in Silicon Valley had been fearing, in the wake of a successful bid by Oracle for PeopleSoft: "There will be some job losses at PeopleSoft and there will be some job losses at Oracle." He was speaking after announcing, prior to the opening of the markets in New York, that PeopleSoft's board over the weekend have now agreed that Oracle can acquire 100% of PeopleSoft's stock at a price of $26.50, up from the $24 offer which Oracle had until today always maintained was its "best and final" offer. In the acquisition agreement thrashed out over the weekend, Oracle and PeopleSoft have agreed to drop legal actions against each other. As to the $2.50 increase, the chairman of... (more)

Ellison On Oracle-PeopleSoft Layoffs: "We're Sorry"

Ellison: PeopleSoft Products Safe Until 2013 Report From the Oracle/PeopleSoft Frontline: Alienating PeopleSoft Blood To Drip from Oracle's Axe "Pink Slip Friday" At PeopleSoft Oracle-PeopleSoft: Stress in Silicon Valley Oracle To Clinch PeopleSoft Acquisition Hard on the heels of the announcement by the current market leader in the world of business software, the German giant SAP, that it will be buying TomorrowNow Inc., a supplier of software maintenance and support services for PeopleSoft apps - Oracle-PeopleSoft's CEO Larry Ellison has been speaking to the CNBC TV channel abo... (more)

Oracle Targets EPS Growth of 22 to 28 Percent in Fiscal Year 2006

Oracle Corporation (NASDAQ:ORCL) today forecast pro forma earnings per share growth of 24 percent or $0.62 per share for Fiscal Year 2005. For Fiscal Year 2006, the company announced that it is targeting pro forma earnings per share growth of 22 to 28 percent or $0.76 to $0.80 per share. Oracle also reported that the PeopleSoft acquisition is on track to contribute to the company's pro forma earnings growth in both Fiscal Year 2005 and Fiscal Year 2006. More details will be available at Oracle's financial analyst meeting, which will be webcast at www.oracle.com/investor beginning a... (more)

Oracle Increases Enterprise Java Beans Support With Eclipse.org Project

"By driving the EJB 3.0 project within the Eclipse Foundation and delivering the Oracle Application Server EJB 3.0 Preview, announced in March 2005, Oracle is further illustrating its commitment to providing Java and Service-Oriented Architecture developers productivity with choice," came the ringing words from Oracle's announcement today. The company will be spearheading a project within the Eclipse open-source community to support the Enterprise Java Beans (EJB) 3.0 specification, the company announced, noting that this "specification serves as the cornerstone for J2EE 5.0 and ... (more)

Oracle Proposes to Lead BPEL Effort Within Eclipse

Oracle today announced it is proposing to lead a tooling project for the Business Process Execution Language (BPEL) standard within the Eclipse Foundation open-source community. The proposed project underscores Oracle's continued commitment to making tools support for key standards-based technologies, such as BPEL, freely available to all developers. A cornerstone for simplifying the development of service-oriented architecture (SOA) applications, BPEL is widely recognized as a critical technology for reducing the cost, complexity and inflexibility of integration projects and ena... (more)