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Last year SAP wished to purchase retail management software company Retek and offered $ 8.50 per share. The company; however, was acquired by Oracle for $ 11.25 a share. Oracle has also acquired Siebel systems. PeopleSoft was bought by Oracle for $ 10.3 billion. These three acquisitions add up to $ 15.8 billion. fool.com says:

Bolstered by PeopleSoft, sales last quarter increased 19% over the year-ago quarter. But while the top line bloomed, the bottom line faded. Net income fell 2%.

Go to: Dueling Fools: Oracle Bear

This entry was posted on Friday, January 6th, 2006 at 10:17 am and is filed under Oracle. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.