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So who's in favor of seeing Oracle Corp. double in size over the next few years? Company CEO Larry Ellison for one, who made a statement to the same during a speech at the company's OpenWorld event at San Francisco's Moscone Center. "The key thing will be to preserve our 40-percent-plus operating margins," Ellison said in announcing his intention to have the company reach nearly $30 billion in revenues. Ellison said that Oracle must continue to increase sales--a  factor which will depend largely on the state of the U.S. and global economy-and more ominously, continue to acquire companies. Oracle's acquisition mini-frenzy over the past 18 months, during which time the company acquired Retek and PeopleSoft (both from the jaws of competing vendor SAP), and more recently, arch-CRM rival Siebel Systems, thus presages a future in which companies that compete with Oracle, ... (more)

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

Related Links: Oracle Wins Oracle's Numbers Explain Why It Wants PeopleSoft P'Soft to Oracle: What Is It about 'NO!' You Don't Understand? Oracle Eyes Other Acquisitions - Including BEA? Ellison: Acquisition Strategy "Only Way to Survive" "This decision puts the onus squarely on the board of PeopleSoft to meet with us," said Oracle chairman Jeff Henley triumphantly. He 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 Departmen... (more)

Will Oracle Buy JBoss?

During the recent Sun / Oracle Town Hall Meeting, which was broadcast live by SYS-CON.TV from the Auditorium at Oracle Headquarters, Scott McNealy's first question to Larry Ellison was: "So Larry, everybody here wants to know, right up front so we can take this off the table, get the big announcement out of the way, are you buying Sun?" Ellison's answer to this opening question was, "Well, you know Scott, as you will see in the newspapers, it turns out Oracle's strong preference is to do everything hostilely." The audience responded to both McNealy's question and Ellison's answe... (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)

ORACLE BEA - Oracle Pounces!

(October 12, 2007) - "Oracle is prepared to proceed immediately," says the official letter delivered today to the Board of Directors of BEA by Oracle, which is proposing to acquire BEA for $17.00 per share in cash - a 25% premium over yesterday's closing price of $13.62. "We have made a serious proposal including a substantial premium for BEA," said Oracle President Charles Phillips. "We believe our all cash offer provides the best value for BEA's shareholders and the best home for BEA's employees and customers," Phillips continued. "This proposal is the culmination of repeated c... (more)