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Oracle Pays $98.5 Mil For Pricing Fraud

Oracle Pays $98.5 Mil For Pricing Fraud

By WebProNews Staff October 11, 2006

When Oracle acquired PeopleSoft, it also acquired what would be one of the largest civil settlement payouts to the US government in history, and perhaps until recently, one of history’s best-compensated whistleblowers on the payroll, who got nearly 20 percent of the government’s take.

PeopleSoft Founder Leading A New Charge

Those pricey enterprise resource planning (ERP) applications have several drawbacks. Dave Duffield has an answer.

PeopleSoft Job seekers Try eBay

After a team of in-house creatives was displaced following Oracle’s acquisition of PeopleSoft, the group turned to eBay to try and find work …

Oracle Pricing Plans For PeopleSoft

Oracle has a new price model it plans on implementing for the recently acquired PeopleSoft. This could indicate a price drop is coming for user of PeopleSoft products.

Oracle to Continue PeopleSoft Support Until 2013

Oracle CEO Larry Ellison outlined the company’s product strategy and vision, reaffirming its commitment to continue to support PeopleSoft product lines until 2013.

Oracle Fires Almost Half of PeopleSoft

After acquiring the company on January 7, Oracle has now fired 5,000 of PeopleSoft’s employees of which there were only 12,000 to begin with.

Harsh Reality for PeopleSoft Employees

CNET News: “Oracle appears to be adding insult to injury in its merger with PeopleSoft – taking the unusual step of notifying workers of their termination by sending pinks slips via express mail to their homes.

Oracle Swallows up PEopleSoft

Oracle and PeopleSoft have been engaged in an 18th month battle which appears to finally be coming to a conclusion.

Oracle closes PeopleSoft deal

Oracle is closing its PeopleSoft acquisition today, after receiving more than 97 percent of PeopleSoft shares in its tender offer.

PeopleSoft Shakeout Begins At The Top

Oracle Corporation fired PeopleSoft’s co-president and chief financial officer, Kevin T. Parker, and three other top executives, a day after assuming control of the rival software maker in a $10.3 billion takeover …

Oracle Gains Control Over PeopleSoft

Oracle announced that PeopleSoft stockholders have tendered approximately 75 percent of PeopleSoft outstanding stock, giving Oracle control of the company.

Verizon Becoming A Player In Nextel/Sprint Merger

The potential merger between mobile phone companies Sprint and Nextel may have just hit a bump in the road.

Reaction To The PeopleSoft/Oracle Merger

When Internet-based companies, especially ones the size of Oracle and PeopleSoft, announce fundamental changes, responses are usually swift.

PeopleSoft Agrees To Oracle Merger

Software firm PeopleSoft has agreed to accept Oracle’s proposal to buy the company. The agreement was for $10.3 billion or $26.50 a share. The agreed-upon total is an increase of the initial offering which was for $24 a share. The deal is expected to be complete by January 2005.

Oracle and PeopleSoft Battle Goes On

Two days after PeopleSoft shareholders tendered their stock for Oracle’s $24-a-share offer, Oracle asked PeopleSoft’s board to accept the offer.

PeopleSoft Rejects Oracle’s Latest Offer

The PeopleSoft Board concluded that PeopleSoft is worth much more than the $24 per share price offered by Oracle. They reiterated that they will not sell the company for less than it is worth.

Oracle’s Peoplesoft Offer to be Discussed

Glass, Lewis & Co., an analytical research and proxy advisory firm providing services to institutional investors that collectively manage more than $6 trillion, will host a special Proxy Talk conference call for Glass Lewis clients and other invited institutional investors on Monday, Nov. 15 at 4:30 p.m. (EST) to discuss Oracle Corp.’s tender offer for PeopleSoft.