Ellison Triumph: Oracle Can Proceed with PeopleSoft Takeover Bid, Court Decides

The antitrust authorities have failed to prove their case requesting that the US District Court should block - on antitrust grounds - Oracle's proposed $7.7 billion hostile takeover bid of PeopleSoft. Shares of both companies rose yesterday, PeopleSoft's climbing about 15 percent to $20.41 in after hours trading, just below Oracle's takeover offer of $21 per share.

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#9	StockWatcher commented on 10 Sep 2004 Oracle's up 5.34% so far today, but PeopleSoft's up 10.81%
#8	SimpeLt commented on 10 Sep 2004 PeopleSoft CEO has a duty to his shareholders to try to make this deal possible - not to get it killed.
#7	DeeDOg commented on 10 Sep 2004 Even if there's no appeal by the US Department of Justice, the European Commission has opened its own review of the takeover bid. Oracle still has a fight on its hands!!
#6	problematical commented on 10 Sep 2004 How's Oracle going to contend with strong opposition from PeopleSoft's board, specially CEO Craig Conway? And what about PeopleSoft's "poison pill" policy, which makes an acquisition impractical by promising significant payouts to current customers if their software is no longer supported?
#5	Justice at last commented on 10 Sep 2004 I never understood myself why the DoJ didn't so much as whimper through the entire HP/Compaq merger, yet decided to try and stop Larry & co. pursuing this takeover.
#4	Unoti commented on 10 Sep 2004 Working on Oracle applications is like working in a gold mine: you've got to sift through 20 tons of mud to get 6 ounces of gold. Oracle needs healthy competition, but now it could become a monopoly. I'd hate to see it become the the Microsoft of the ERP market.
#3	nehril commented on 10 Sep 2004 Oracle has already stated that their only purpose in buying PeopleSoft is to kill the product (along with the JD Edwards software that PeopleSoft has now acquired), the ERP software market now goes from around 4 players down to two (oracle vs sap).
#2	88rr commented on 10 Sep 2004 How come the DoJ didn't have a problem with PeopleSoft buying JD Edwards?
#1	ciro commented on 10 Sep 2004 Judge Walker is spot-on...Oracle isn't anywhere near a monopoly. Although they are a very strong database vendor, with probably one of the best supported database systems written, but they are competed against by everyone from Microsoft to us open source developers...

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