Wednesday, March 23, 2005

The New York Times > Technology > Oracle Profit Slips 15% After Acquisition

The New York Times > Technology > Oracle Profit Slips 15% After Acquisition: "Safra Catz, a co-president of Oracle who is also serving as the company's chief financial officer, said the company was pleased with the quarter, which she described as a transitional one. 'We are beyond satisfied,' Ms. Catz said of the PeopleSoft merger, in a conference call with reporters. 'We are thrilled with how it is going.'
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"Oracle needs to lay out a more proactive acquisition strategy," Mr. Piper said. "Their reactive approach leaves them paying too much. If Oracle had made the first move for Retek, they wouldn't have paid as much as they did.""
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