Analysts React To Oracle&#39;s Court Victory
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Predictions include the unlikelihood of an appeals court overturning Judge Walker&#39;s decision and the deal finally closing at somewhere in the mid-$20s-per-share range.
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All eyes are on a Delaware Chancery Court judge now that Oracle&#39;s lawsuit against PeopleSoft closed Friday. The two-weeks&#39; worth of testimony centered on Oracle&#39;s request that PeopleSoft (Quote, Chart) remove its Customer Assurance Program (CAP).
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Oracle may be the big winner in PeopleSoft&#39;s firing of CEO Craig Conway. PeopleSoft offered little convincing rationale for the ouster, and speculation centered on the possibility that it is
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The great debate over the impact of Oracle's hostile takeover of PeopleSoft has all the big industry analyst organizations weighing in. However, in most of the analysis one group's opinion seems to have been overlooked: that of PeopleSoft users.
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Oracle (Nasdaq: ORCL), the world's second-largest software vendor, has beaten Wall Street analysts' expectations with its first-quarter results, due to strong sales of its  database software.
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Oracle Corp.&#39;s newfound control of PeopleSoft won&#39;t result in vast improvements to the E-Business Suite, according to analysts, but it could result in long-term benefits for users of both application suites.
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Investor's Business Daily - A long-awaited ruling Thursday by U.S. District Judge Vaughn Walker has cleared the way for Oracle   to proceed with its &#36;7.7 billion hostile bid to buy rival PeopleSoft  .
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EUROPEAN antitrust regulators have cleared Oracle to pursue its hostile $US7.7 billion bid to buy PeopleSoft, but the legal breakthrough wasn&#39;t expected to end the stalemate between the bitter business software rivals.
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Oracle Corp., the world&#39;s second-largest software firm, beat the Street with its first-quarter results after Tuesday&#39;s market close thanks to stronger sales of its database software.
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Oracle Corp. Chief Executive Officer Larry Ellison won PeopleSoft Inc. investors&#39; backing for his $8.8 billion bid to buy the software maker, a victory that brings him a step closer to winning the 17-month hostile takeover fight.
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It&#39;s been a good year for Oracle (Nasdaq: ORCL) CEO Larry Ellison. In all, Oracle posted breathtaking earnings gains, beat a Justice Department lawsuit, forced the firing of a key rival, and
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Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, overcoming sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.
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At its user conference on Wednesday, Oracle continued sending mixed messages to PeopleSoft customers concerned about how Oracle will support their products if it succeeds in its $9.2 billion takeover bid.
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Oracle Corp. won permission yesterday from a federal judge to proceed with its $7.7 billion hostile bid for PeopleSoft Inc. , reviving a battle that PeopleSoft said drove customers to competitors.
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We forget the judge, but we remember the ruling. For all the high marks he&#39;s been getting for his decision regarding the US Department of Justice&#39;s case against Oracle Corp.
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Oracle&#39;s hostile takeover bid for PeopleSoft has fueled negative perceptions of the software company among corporate computer buyers, which could sap demand for its products, according to a report published on Wednesday.
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(InfoWorld) - The tech-heavy Nasdaq has been climbing recently, spurred by some of the usual suspects, such as Google. But Oracle results and prospects for chip makers also inspired confidence among IT investors this week. Expectations have not been great this year for mature areas of the enterprise software market. But Oracle inspired IT investors this week with aÂ strong financial reportÂ that indicates its acquisition strategy has been paying off. Quarterly revenue rose 20 percent to $5.8 billion and profit increased 23 percent to $1.6 billion. Excluding extraordinary charges, Oracle's $0.37 per share in the quarter beat estimates by analysts polled by Thomson Financial, who had forecast $0.35 per share. Oracle shares jumped $0.53 to close at $19.69 on Wednesday, a day after the earnings report, and continued strong. Over the last three years, including theÂ PeopleSoft deal, Oracle has made about 30 purchases for approximately $25 billion. For example, business intelligence software maker Hyperion,Â a recent acquisition, added $43 million to Oracle's new license revenue in the quarter. Oracle is now going after companies that will help the company target sales in vertical markets. On the post-earnings report conference call with analysts, CEO Larry Ellison said that Oracle will continue its acquisition strategy. Meanwhile, Google continues to break records and expectations. Brokerages, including Oppenheimer & Co., Sanford C. Bernstein & Co., and JMP Securities,Â issued bullish analysis reports this weekÂ and raised share-price targets after seeing the company's share price rise about 15 percent over the last quarter. As Google continues to dominate search advertising, however, it has also spent lavishly on R&D, technology infrastructure and acquisitions. Though profit has been great, the spending has sparked some debate. But this week, JMP's Bill Morrison added a new twist to conventional thinking, writing in a research report that the capital expenditures have given Google a cost-efficient technology platform. This platform gives Google an ongoing cost advantage over competitors, he said. After the report, Google shares hit their highest close on Tuesday since the company's 2004 IPO, although they drifted down over the next few days. In the chip sector, a price war between Intel and AMD, coupled with expectations for a soft PC market this year, has caused concern. But some new reports and forecasts have cheered investors lately. Lehman Brothers raised its rating on Intel this week to "overweight" from "equal weight." Lehman analyst Tim Luke cited new product cycles, progress on restructuring, and a reasonable share valuation. The report echoed a similar research paper issued by brokerage Stifel Nicolaus and Co. last week, only that one was directed at AMD. Meanwhile, GartnerÂ said this week that worldwide personal computer shipments are projected to rise 11.1 percent in 2007, higher than previously expected. PC shipments are estimated to increase to 257.1 million from 231.5 million a year earlier as sales in emerging markets grow, Gartner said, in the wake of a similar report several weeks ago from IDC. The news caused shares of Intel and AMD to spike. Intel shares closed at $23.79 Wednesday, up by $0.41, and continued strong Thursday. AMD also spiked on Wednesday, though lost some ground later in the week.