Here is the full text of the letter to PeopleSoft Inc. shareholders sent
today by Oracle as part of the tender offer to buy PeopleSoft's common stock
filed on June 9, 2003, as amended and restated on November 3, 2004.
November 18, 2004
Dear PeopleSoft stockholder:
It is now time for you, PeopleSoft's stockholders, to decide whether to
accept our tender offer.
Oracle's best and final $24.00 per share offer for all of the outstanding
shares of PeopleSoft is set to expire at midnight EST on Friday, November 19.
Our offer represents a 60% premium to PeopleSoft's share price at the time of
our original offer, and is above the 52-week high closing price.
If a majority of PeopleSoft's outstanding shares -- approximately 188 million
shares -- are not tendered, we will withdraw our offer. If we receive a
majority, we will seek to have the Board, or a court, remove the final
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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 VP Ted Farrell recently spoke to SYS-CON in an exclusive recorded
interview about the company's emerging AJAX strategy.
In a follow-up, he answered some questions about the company's JDeveloper
Release 3, which supports AJAX..
He told us that Oracle 10g Release 3 has "lots of new features, including
support for building Ajax applications, (including) There are many new
features and functionality. For example, our new Java Server Faces support
allows developers to build applications that target a wide variety of devices
such as desktop, html in the web browsers, mobile device... (more)
This AJAXWorld Conference & Expo 2007 West session is based on Erick Audet's
real-life experience using the Google Web Toolkit (GWT) with a persistence
layer handled by Sleepycat from Oracle. He will demonstrate how fast the
response time can be when no middle tier persistence layer such as Hibernate
is used and no SQL is needed. He will also show how easy the source code can
be maintained when such a architecture is used. In comparison with Struts,
this architecture does not use any configuration files and is platform
independent and runs on any Java EE application server. Mixin... (more)
(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 s... (more)