Oracle v. DOJ: Oracle wins

No_Style · Sep 10, 2004, 02:49 PM

In a federal trial that started in June, the Justice Department set out to derail Oracle's hostile bid for PeopleSoft. Four weeks of testimony gave way to the judge's deliberations, with the verdict handing a major victory to Oracle.

Judge rules in favor of Oracle
Software maker prevails in courtroom against Justice Department's antitrust arguments. CEO Larry Ellison immediately extends stock offer, saying in letter to PeopleSoft, "we are hopeful a transaction can occur."

Ruling turns up heat on PeopleSoft
Takeover battle to continue as Oracle faces other obstacles in merger quest, experts say. Several scenarios are possible, but quick or tidy outcome is not expected.

Read the ruling
PDF In 164 pages, Judge Vaughn Walker delivers his decision, saying the "plaintiffs have not proved that a post-merger Oracle would have sufficient market share in the product and geographic markets."
_______________
Read More/Source: C|Net Tech News

Sep 10, 2004, 02:49 PM	#1
No_Style Styleless Wonder Join Date: Jun 2002 Location: Ottawa, Ontario Posts: 6,034 Rep Power: 0	Oracle v. DOJ: Oracle wins In a federal trial that started in June, the Justice Department set out to derail Oracle's hostile bid for PeopleSoft. Four weeks of testimony gave way to the judge's deliberations, with the verdict handing a major victory to Oracle. Judge rules in favor of Oracle Software maker prevails in courtroom against Justice Department's antitrust arguments. CEO Larry Ellison immediately extends stock offer, saying in letter to PeopleSoft, "we are hopeful a transaction can occur." Ruling turns up heat on PeopleSoft Takeover battle to continue as Oracle faces other obstacles in merger quest, experts say. Several scenarios are possible, but quick or tidy outcome is not expected. Read the ruling PDF In 164 pages, Judge Vaughn Walker delivers his decision, saying the "plaintiffs have not proved that a post-merger Oracle would have sufficient market share in the product and geographic markets." _______________ Read More/Source: C\|Net Tech News __________________ "The Best Style Is No Style" Specifications Here Last edited by No_Style; Sep 10, 2004 at 02:57 PM.