Oracle Relevant Products/Services from Oracle, backed by what the company views as a favorable response from PeopleSoft Latest News about PeopleSoft stockholders, is applying more pressure in an effort to complete its proposed US$9.2 billion hostile takeover. As of midnight Friday, the deadline imposed by Oracle for acceptance of its offer of $24 per share for PeopleSoft stock, some 60 percent of PeopleSoft's outstanding shares had been tendered by stockholders, Oracle said.
Seeking Closure
"The owners of PeopleSoft have spoken and have overwhelmingly chosen to sell to Oracle at $24 per share," says Oracle CEO Larry Ellison in a statement. "We believe it is time to bring this matter to a close, for the good of PeopleSoft's shareholders, customers and employees." In response to the tender offer results, PeopleSoft's board of directors is standing firm, reasserting its position that the latest offer from Oracle is inadequate.
News source: NewsFactor
Seeking Closure
"The owners of PeopleSoft have spoken and have overwhelmingly chosen to sell to Oracle at $24 per share," says Oracle CEO Larry Ellison in a statement. "We believe it is time to bring this matter to a close, for the good of PeopleSoft's shareholders, customers and employees." In response to the tender offer results, PeopleSoft's board of directors is standing firm, reasserting its position that the latest offer from Oracle is inadequate.
News source: NewsFactor
Cont...
"Natural challenges with finalizing all the key features and localization issues across worldwide territories have led to the difficult choice of pushing back the release date," SCEA said in a statement, "in order to ensure that Gran Turismo 4 lives up to the exacting standards of the 36 million-plus fans worldwide that have purchased previous versions."
The delay leaves egg on the face of Sony, who only last week held a high profile party in Tokyo to celebrate the "completion" of the game, and which previously removed the much-vaunted online functionality from the title in order to ensure that it came out in time for Christmas.
There's some speculation that this fresh delay - which may also have a knock-on impact on the launch date of the European version, which had already been delayed into Q1 2005 - will give the firm time to reintegrate the online component, but Sony has so far not commented on this possibility, and is still officially planning to launch a separate online-enabled Gran Turismo product later next year.
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