Monday, March 01, 2004

WSJ.com - Oracle Hews to Acquisition Goals As It Fights for PeopleSoft Deal

WSJ.com - Oracle Hews to Acquisition Goals As It Fights for PeopleSoft Deal: "Even as Oracle continues its nine-month effort to acquire PeopleSoft, its executives have indicated they are considering other acquisitions as well. Oracle Chief Executive Larry Ellison has repeatedly said that he considers consolidation inevitable in software because too many companies are chasing limited revenue opportunities. Mr. Ellison has said several times that he would be interested in buying BEA Systems Inc., a leading maker of software for Web-based applications. At Friday's closing price of $13.76 a share in 4 p.m. Nasdaq Stock Market Trading, BEA had a market value of nearly $5.6 billion.
'It all comes down to price,' Mr. Finn said of Oracle's interest in BEA. 'We've been clear all along that we're pursuing an acquisition strategy. We've said for the last year that we are looking a little harder.' BEA's chief executive, Alfred Chuang, has said he isn't interested in being acquired."
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