RSS feedoracle
’Mike Lynch and Oracle: Frank replies (updated)
In the words of Frank Quattrone, legendary deal-maker:
The slides Oracle posted publicly were sent by me to Mark Hurd in January, were prepared by Qatalyst and were for the purpose of our independently pitching Autonomy as an idea to Oracle.
“Another whopper” from Mike Lynch
This gets better.
Oracle has issued another press release and the PowerPoint slides.
Another Whopper from Autonomy CEO Mike Lynch
“Autonomy CEO Mike Lynch continues to insist that Autonomy was never ‘shopped’ to Oracle.
Mike Lynch has a “very poor memory”
No one messes with Oracle’s Larry Ellison.
Something Autonomy boss Mike Lynch has just found… the hard way.
On Tuesday, the soon-to-be Hewlett Packard employee was shooting his mouth off to the Wall Street Journal.
Cisco blues
The sell-off in Cisco Systems, which plunged more than 14 per cent on Wednesday evening after the US tech giant reported better-than-expected 1Q earnings, speaks volumes about investor perceptions – not just about the direction of the US tech giant and corporate bellwether,
How not to camouflage a profit warning
Autonomy is a company that specialises in ‘meaning-based computing’ alongside other enterprise software offerings.
It’s not really a specialism they extend to their regulatory statements:
Autonomy Corporation plc (LSE:
Oracle rejects EU antitrust claims
Oracle on Monday mounted a strident attack on Europe’s competition authorities as it confirmed it had received an official objection from Brussels to its proposed $7.4bn acquisition of Sun Microsystems.
Sun shareholders left swinging
At the end of October, FT Alphaville came across some strange goings on in Oracle’s pending $7bn acquisition of Sun Microsystems.
Oracle had withdrawn its Russian antitrust filing, an unexplained move prompting speculation the deal was about to unravel.
Oracle braced for EU to block Sun deal
Oracle is braced for a formal objection from Brussels to its planned $7.4bn acquisition of fellow US tech company Sun Microsystems, escalating the company’s legal wrangle with Europe’s competition authorities.
The clairvoyant news on Oracle-Sun – is the deal about to unravel?
Here’s a curiosity – an apparent request from Oracle to the Russian antitrust authorities to withdraw the competition filing for its $7.4bn takeover of Sun.
News of this appears to have sparked a sudden widening of the spread between Sun shares and the Oracle offer terms,
Sun axes 3,000 jobs, blames Brussels
Sun Microsystems on Tuesday announced plans to slash 3,000 jobs over the next year, putting the move down to the delay in getting European Commission clearance for its agreed $7bn acquisition by Oracle.
Oracle’s Sun deal snagged in Brussels
Oracle’s $7.4bn acquisition of Sun Microsystems hit an unexpected obstacle in Brussels on Thursday as European antitrust officials opted to break with Washington in order to scrutinise the deal more closely.
Brussels could delay Oracle-Sun deal
The European Commission could decide to delay Oracle Corp’s $7.4bn acquisition of Sun Microsystems ahead of the deal’s Thursday deadline, reports Reuters. The commission’s antitrust authority is debating whether to approve the deal by Thursday,
CEO pay: Schwarzman’s $702m package
What recession? “The 10 highest-paid CEOs of 2008 haven’t experienced one”, says Corporate Library Blog, an independent research group and blog, which puts together an annual “CEO Pay Survey,” a rundown of the whos,
Oracle in $7.4bn swoop on Sun
Oracle chief executive Larry Ellison unveiled a surprise $7.4bn agreed offer for Sun Microsystems on Monday. The deal, at $9.50 a share in cash, came two weeks after IBM’s failed bid for Sun and threw the spotlight onto Sun’s Java,
CDS report: Markets correct as sentiment shifts
This CDS report was written by Markit’s Gavan Nolan
European credit indices were wider today, tracking a downward movement in global stock prices. The Markit iTraxx Europe index closed around 154bp, nearly 6bp wider than Friday’s close.
Oracle lets BEA bid lapse
Oracle let its unsolicited $17-a-share takeover proposal for BEA Systems expire as scheduled, and it invited BEA’s shareholders to confront the company if they were unhappy with the result, reports the WSJ.
SAP dismisses bid war with Oracle
Rumours of a bidding war between software giants SAP and Oracle have been dismissed by SAP CEO, Henning Kagermann. The German business software chief said SAP was only interested in acquisitions to enter new markets rather than consolidate existing ones,
Oracle v SAP in Business Objects bid
Rumours that US software maker Oracle might attempt to trounce arch-rival SAP’s bid for Business Objects depressed SAP shares by two per cent yesterday. Dealers said Oracle would offer €45 a share, topping SAP’s €4.8bn bid of €42 a share for the software company that specialises in business analysis packages.
Ellison’s start-up files for IPO
NetSuite Inc, an internet company backed by Larry Ellison who built up software giant Oracle, on Monday filed plans for an IPO, reports the Wall Street Journal. NetSuite’s filing provides the first details about the start-up’s finances,
Oracle deal for Hyperion expected
Oracle is near a deal to acquire Hyperion Solutions, which makes software that allows corporations to analyze and track their performance, for about $3bn, reports the New York Times. The acquisition is expected to be announced as early as today.