Thursday, June 12, 2003

The Seattle Times: Business & Technology: Ellison's takeover bid rattles software makers

The Seattle Times: Business & Technology: Ellison's takeover bid rattles software makers "Not much has gone right for software mogul Larry Ellison during the last three years. His personal fortune plunged by $46 billion, his company's sales eroded, his bid for yachting's America's Cup failed and his clout seemed to be fading.
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If Ellison is serious about acquiring PeopleSoft, the takeover will signify a defeat for him, said Marc Benioff, a former Oracle executive who is now CEO of Salesforce.com.
"It would mean Larry has decided Oracle can't innovate on its own any more and needs to buy customers," Benioff said."
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