Oracle's Hostile Takeover Bid For PeopleSoft

rkuris writes "Oracle has launched a 5.1 billion dollar cash hostle takeover bid against Peoplesoft. PeopleSoft's CEO Craig Conway (a former top executive for Oracle) called Oracle's offer 'atrociously bad behavior from a company with a history of atrociously bad behavior.' 'Obviously it is a transparent attempt to disrupt the [1.7 billion dollar friendly] acquisition of J.D. Edwards by PeopleSoft announced earlier this week.' The week's events have reopened old wounds between the companies, which have a history of hostility and name calling."

Comments

drawn tens of millions of exploited suckers

[screwthemoderators]

It has been deception and greed that suckered immigrants into America... Most were exploited mercilessly, but hoped that their children would do better. It is the Myth of a kinder gentler America, a myth perpetuated by the aggressive ogres. We have already live in an America where employees are savaged, and it is getting worse

Re:Some bad, some bad

[Fishstick]

OT Comcast:

Slimy bastards. They called me up (well, my wife took the call) and offered a discount on a 'new' package with showtime, cinemax and a few others. She went ahead and took it, figuring we could cancel later if it wasn't a good deal.

Then a bunch of channels dissapeared (well, tivo tought they were still there, recorded a few shows with "you don't get this channel" message for an hour or so.

Called up -- what gives? We signed up for these other channels and a bunch went away -- did you screw up?

No. They're not in the 'new' package.

Wait, I still get the HBO and ENC in the other package you're still charging me for, what happend to Starz, Action and TechTv?

Oh, we're phasing those out -- they would go away eventually anyway.

Ok, so cancel this new package and give me back those channels.

Nope, can't do that -- it doesn't work that way.

Turns out they were going to chop some channels, decided to try to get people to sign up for additional channels hoping they wouldn't notice the others were gone.

Now, if you're going to drop channels, fine. Send out a notice, I can survive without Starz and TechTv. I thought this was pretty crappy way to try to put one over on the subs.

Are we still talking about the Matrix?

[kutuz_off]

Was it that kind old black lady who took over the humanity? Did I miss something there?