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Hot News for today! After Peoplesoft announced their intention to buy JD Edwards, http://searchcrm.techtarget.com/qna/0,289202,sid11_gci904299,00.html Today, Oracle announced that they will try a hostile takeover of Peoplesoft this morning. Notes of interest: There is only a 6% premium being offered for the shares, which is not very much for a hostile takeover. Oracle says they want to expand their application offerings. The CEO of Peoplesoft approached Larry Elison of Oracle a year ago about a merger/acquisition. The acquisition of JD Edwards, the AS400 ERP software company is now in question. The acquisition of JD Edwards might be done as a cash deal instead of a stock deal. If so, the purchase could be completed in as little as 30 days. So much to talk about at the coffee maker of many an IT shop this morning. My theory ... But as I recall, Oracle and Larry Ellison have sponsored a 12 meter yacht in the America's Cup sailing races for years, with Larry at the helm. And if memory proves me right, there was also a boat named JDE in the races too. So maybe Larry has just come up with a clever way to stop his competitors - .... by sinking money into them ;o) John Voris mailto:jvoris@xxxxxxxxxxx http://www.axs2000.net/jvoris --- IBM Certified Specialist, iSeries -- ---- Technical Solutions Designer & ---- --- Certified Web Data Base Designer --- ------ John Voris Consulting, Inc ------ --- iSeries AS/400 & Java Consulting -- ------ 610 873-0780 ------
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