Federal Judge Rules Oracle can Bid for PeopleSoft 132
terrymaster69 writes "The NY Times reports (free reg, required) that Oracle may have the go ahead to continue its hostile bidding for PeopleSoft. The Justice Department had previously tried to paint the merger as anti-competitive in the corporate services software market. 'Judge Vaughn R. Walker of the Federal District Court in San Francisco rejected the government's definition of the market as too narrow, noting that the software business is particularly dynamic, with a host of current and emerging competitors in that area including Microsoft.'"
Point (Score:3, Insightful)
On the other hand, a big corporation getting even bigger isn't really a good thing...
Re:Point (Score:5, Insightful)
This case not related to the database market. Oracle is trying to acquire PeopleSoft in order to improve their position in the applications market. This includes things like HR, Payroll, Accounting and Purchasing systems.
Re:Point (Score:2, Redundant)
Oh my god!! I work for a company that does accounting and Payroll applications...does this mean Oracle is going to make me lose my job!!??
One C++ programmer, looking for a new job before Oracle squashes us all!
Re:Point (Score:2)
Re:Point (Score:2)
I don't think Baan exists anymore.
Re:Point (Score:3, Informative)
Re:Point (Score:2)
Re:Point (Score:2)
Re:Point (Score:2)
But my impression has always been that RPG is not a real programming language, as it's so damn specialized for batch processing. More than COBOL.
Nowadays, I collect vintage computer stuff. I just got a dual 8" floppy drive. Hmmmm.. wonder if RPG has ever been run on CP/M....
Re:Point (Score:2)
Let me get this straight (Score:2)
As near as I understand it, the judge is effectively saying that Oracle is allowed to "force" the PeopleSoft board to sell?
By what means? If the board is convinced the long-term value of the company is better served by remaining independant, who is the judge to say otherwise? Who is anyone other than the stock and share holders of the business to say otherwise?
Re:Let me get this straight (Score:3, Informative)
The judge isn't saying that. The Department of Justice filed an anti-trust case in court, saying that a combination of Oracle and PeopleSoft would be anti-competitive. In the opinion of the DOJ, such a combination would turn what is a three-company ERP software market (SAP, Oracle and PSoft) into a two-company market.
Oracle argued that there are other competitors that do get into the market occasionally. Lawson is one and MS is another.
The judge is saying that the DOJ is wrong and that Oracle is permit
Re:Let me get this straight (Score:2)
Thanks for the clarification. I thought this was some sort of forced-takeover issue.
But I always thought of PeopleSoft as an HR solution in the first place, so I'd have thought Oracle was trying to fill out their product portfolio. As long as components remain interchangeable, I don't see why it should be an issue for a vendor to have multiple business service components. The catch is whether those components are being used to establish artificial barriers, or if they're being used to allow customers
Re:Let me get this straight (Score:3, Informative)
You may have been confused because it's a hostile takeover.
That means that Oracle is trying to take over PeopleSoft, while PeopleSoft is resisting the takeover. Oracle simply tries to buy as many shares as it can until Oracle has a controlling share. The target firm (PeopleSoft) is resisting because they don't think it will ultimately be good for PeopleSoft, but if Oracle gets the controlling share then they can't do anything.
Re:Let me get this straight (Score:2)
Re:Let me get this straight (Score:1)
Re:Point (Score:2, Informative)
Re:Point (Score:5, Interesting)
I think this is a dreadful decision, Oracle's ERP offering is horrid, and the intent is simply to kill a competitor. If the takeover does go through I hope the clients Oracle is hoping to acquire go elsewhere. What is even more scary is to discover that Microsoft has considered buying SAP [sap.com]. That would instantly give MS a huge market share in back-end business software. You can bet that SAP on non-MS platforms wouldn't be kept up to date with features despite the fact that it runs like a two-legged dog when implemented on Windows.
Re:Point (Score:1, Interesting)
Re:Point (Score:3, Insightful)
Re:Point (Score:5, Informative)
Dude, what have you been smoking? SAP has a market cap of about $46 billion and anual revenue of about $9 billion a year. Microsoft has a market cap of nearly $300 billion and revenues of around $37 billion a year. So I'm not really sure how you can claim SAP is as big as MS.
For comparison, Oracle has a market cap of $51 billion vs. Peoplesoft's market cap of $7 billion. Looking at it that way, the ratio in sizes between MS/SAP compared to Oracle/Peoplesoft is about the same.
Draw your own conclusions...
Re:Point (Score:1)
Re:Point (Score:3, Insightful)
If Oracle "killed" Peoplesoft, customers would simply move to SAP. This takeover will tie peoplesoft to the oracle database product. With Oracle moving to support [dba-oracle.com] linux, maybe we'll see more linux support. More enterprise applications running on linux is always a good thing. There is only so much economic value to a gameboy running linux.
Re:Point (Score:2)
But they won't do it all at once. They'll take out pieces, until it's more difficult to move to SAP than to simply pay Oracle licensing fees. Then Oracle will have the edge, unless current Peoplesoft custo
Re:Point (Score:3)
Re:Point (Score:1)
Well, but do you think Oracle will let ex-Peoplesoft customers stay with their non-Oracle DBMSs?
Yup, yup, and yup.
Re:Point (Score:1)
Well, this is just great. (Score:5, Interesting)
It's a good thing I still demand my paychecks printed on a piece of paper in an envelope I can carry to the bank myself.
Re:Well, this is just great. (Score:2, Interesting)
Yeah I agree, writing electronically is overrated and how can you be sure what you wrote is your words that you wrote; I mean there isn't any proof. like the other day, UPs dropped of a brand new computer that I supposdely didn't write on an electonic order form and yet it still arrived. Hmmm - tin foil anyone?
Re:Well, this is just great. (Score:5, Interesting)
Funny, I perfer "Direct Deposit", "ACH Transfers", and "Online Bill Pay" because when properly configured computer systems move my money, I see there less risk of it going wrong. Paper checks can get lost in transit and take several days to clear, but with electronic transfers the transaction clears instantly and I get access to the money that's rightfully mine immediately rather than having to wait up to a week for processing to happen.
Re:Well, this is just great. (Score:5, Funny)
Re:Well, this is just great. (Score:2)
Re:Well, this is just great. (Score:2, Interesting)
My rent check took a month to get to my landlord and lived a few blocks away.
Oh, and when you deposit a check. The banks now just make a copy and shred the original. So you're really not any better off using paper. Do a news search for Check21
Re:Well, this is just great. (Score:3, Interesting)
On October 29th ... we'll still be moving massive amounts of paper around the country every day.
Check 21 will catch on, but it will probably build slowly at first.
Re:Well, this is just great. (Score:1)
So yes, after the 28th there will be paper flying around and it's definitely not going to disappear any time soon, but the volume will begin to decrease after that date. And I'm sure most of the larger banks have Check21 projects in place and will startup on
Re:Well, this is just great. (Score:2)
Re:Well, this is just great. (Score:2, Insightful)
I imagine there's a compiled list of banks accepting electronic checks and/or a list of ones that don't. All incoming checks get shredded, and the ones that go to banks that can't handle electronic transfers get the replacement check.
I agree the savings doesn't seem like much, but when you're talking large banks and millions of checks a penny or two can make quite a diff
Re:Well, this is just great. (Score:2)
One real nice part about sending the images instead of the paper is that we'll be able to get rid of the couriers - and their problems driving in the winter.
I don't think it will take long to get to the point where there's a critical mass of banks accepting images. Once that happens, the cost of couri
Out of work (Score:1)
Re:Out of work (Score:2)
Re:Well, this is just great. (Score:1)
That's the real trick, isn't it? How do you know that that's the case, and not Diebold machines running Windows moving your money?
Re:Well, this is just great. (Score:2)
The other side of that... (Score:2)
Re:The other side of that... (Score:2)
Re:The other side of that... (Score:2)
And, yup, that was where they were: Morally bankrupt. Financial followed.
Re:Well, this is just great. (Score:2, Funny)
Makes it harder to fire me for sitting here reading /. all day than simply clicking the delete key in the HRMS software.
Re:Well, this is just great. (Score:2)
I found it a lot easier to walk down to the office to get my paycheck than spending several hours over the course of a week dealing with the IT people just to be able to log in to the HRMS system.
The nice thing about having the paper check is I gave it to an actual person at the bank, so they could tell that the information on the check was just spelled wrong. I have no idea what an aut
Re:Well, this is just great. (Score:2)
I mean how are the two things related in any way? And if they are not, why was it moderated up?
Re:Well, this is just great. (Score:2, Interesting)
My question would be if it isnt handling payroll/hr as it should be, Is what printed out on a paper check what it should be? The company that does our payroll uses peoplesoft and I check the direct deposit statement very carefully every pay period.
Re:Well, this is just great. (Score:2)
Other than operator error (miskeying, employee misunderstanding of withholding, etc...) errors happen because all 50 states are constantly changing their tax laws and rates, forcing PeopleSoft to issue upwards of 6-10 updates to their payroll product every
well (Score:4, Interesting)
Re:well (Score:1, Informative)
Re:well (Score:3, Funny)
Trust me, the rumors I hear regarind Oracle applications say that their apps all that much better than PeopleSoft. In fact, some people think they are worse. If these rumors are true, then this potential takeover would result in one poorly made software system replacing another poorly made software system.
Re:well (Score:2)
Ugh. And I did preview that before I submitted it. What I meant to say was:
Trust me, the rumors I hear regardinG Oracle applications say that their apps AREN'T all that much better than PeopleSoft'S.
Maybe I should go get another cup of coffee. It is obvious that I am not able to either type or proofread properly.
Re:well (Score:2)
Re:well (Score:1, Informative)
Re:well (Score:2, Interesting)
IMHO, it's because most of them are old, complex and the architectures have not been updated.
Re:it's not architectures (Score:3, Informative)
Re:it's not architectures (Score:1)
For years I have thought this is the biggest problems of large
Re:it's not architectures (Score:1)
A small start-up type is better off homegrowing IMO. Your system is going to do exactly what you want and you're going to be more flexible than with a standard prohibitively expensive system.
Re:it's not architectures (Score:2)
Re:it's not architectures (Score:1)
"Is ERP just so new that it's immature? Or is it that different companies or schools are just so different that it's impossible to shoehorn them into a out of the box product like Peoplesoft???"
Yes. There's three main issues.
ERP is immature (sort of, the chunky sexy name ERP is newer than the concept of integrated business processes)
Companies are different and are more willing to invest money in software change rather than process change - many non-tech companies s
Agreed (Score:2)
Of all the culprits for incompatability or causing problems, People
Re:Agreed (Score:2)
Bad implementations result in black eyes for PeopleSoft. I guess I'm in a good shop. We have Financials, HCM, EPM, etc and everyone is happy for the most part. The technology is far ahead of Oracle and SAP (AFAIK, I admit that I'm not as familiar with their products).
When Oracle first
That applies to any ERP on the market (Score:1)
If it's not configured properly, it's going to be bad. That applies to whatever package you implement, regardless if it is Oracle, PeopleSoft, SAP etc.. My experience has been that the vast majority of problems with ERP software are either configuration problems or customizations that don't work and play nice with the rest of the software.
while I do not want to see Oracle get People Soft, (Score:4, Interesting)
But I have wondering why they did persue this one? hummm. payoffs anybody?
Re:while I do not want to see Oracle get People So (Score:2)
not out of the woods (Score:5, Interesting)
Re:not out of the woods (Score:5, Informative)
I agree with the judge here... the ERP software field is filled with players small and large. There's no monopoly risk in letting Oracle and PeopleSoft merge... just like there's far more places that sell hambugers than McDonald's and Burger King. Just because their two of the biggest, doesn't make a merger that creates a monopoly possible.
Re:not out of the woods (Score:5, Insightful)
The Judge's reasoning would only work if someone could point to a 4th player willing, ready and able to take up the slack when the #3 player sabotages the #1 player.
Re:not out of the woods (Score:2)
Re:not out of the woods (Score:2, Interesting)
Even beyond the small players, MS is in this market now, and while they are not a big ERP player today, MS doesn't get into a market that it doesn't want to dominate. MS could easily be considered a viable #4.
Re:not out of the woods (Score:2)
Re:not out of the woods (Score:2)
Re:not out of the woods (Score:2)
Software is not a commodity. Software cannot be compared to a slab of cow. It's absurd to even try.
Re:not out of the woods (Score:2)
mmm, ERP systems... Cash cows of the 90s...
There is a large company in the DFW area that was changing ERP systems like gloves: 3 in 4 years. People were making fortune contracting there. Meanwhile , their real, day-to-day business software was and still is a combo of 20 yo Cobol program and DCL script.
Re:not out of the woods (Score:2)
Re:not out of the woods (Score:2)
I'm a manager of a mid-sized company that has been courting Oracle, Microsoft, and one other vendor. We had initially contacted SAP as well, but they totally dropped the ball and never maintained contact.
Oracle's definitely pushing for our business, though the other two are working hard a
Be interesting to see if they actually acquire now (Score:5, Insightful)
Re:Be interesting to see if they actually acquire (Score:2)
Re:Be interesting to see if they actually acquire (Score:2, Interesting)
fyi..
The poison pill provisions are separate from the refunds. The "poison pill" allows them to release more common stock to make it very costly for Oracle to gain a majority share. The refunds were something they implemented to allow their customers to get their money back if the takeover goes through.. which was to help their current sales and again to be an additional deterrent to Oracl
Re:Be interesting to see if they actually acquire (Score:1)
I haven't followed this story carefully, but you appear to have an opinion--why would Oracle care about a competitor acquiring a financial services firm?
Re:Be interesting to see if they actually acquire (Score:2)
Re:Be interesting to see if they actually acquire (Score:1)
Re:Be interesting to see if they actually acquire (Score:2)
BTW the poison pill provisions apply if a PeopleSoft product is discontinued, so ORCL can avoid that by not discontinuing the product or negotiating w
Re:Be interesting to see if they actually acquire (Score:1)
Re:Be interesting to see if they actually acquire (Score:2)
(Cost of Business) = (Revenue) + (Small Profit)
(Cost of Business) = (Cost of Sales) + (Cost of R&D) + (Cost of Support)
(Revenue) = (Support Contracts) + (New license fees)
(New license) << (Suport Contracts)
(Cost of Support) << (Cost of R&D) << (Cost of Sales)
Now Oracle plans to eliminate the Sales + R&D Cost, which eliminates most of the new license fee revenue.
(
Re:Be interesting to see if they actually acquire (Score:1)
MS = competitor? (Score:1)
Re:MS = competitor? (Score:2)
I dont know. Just a thought that occured to me.
Karma-whoring (Score:4, Informative)
It's kind of a shame (Score:2)
My hope is the combination of the two applications into a single application that takes the strength of both worlds. However, I still be
Good (Score:1)
Maybe Oracle will buy PeopleSoft and transition all users to their own platform.
/I can dream, can't I?
Re:Good (Score:2)
If by "own platform" you mean an Oracle database, that wouldn't be necessary. Most PeopleSoft customers already run the application on a backend Oracle database. PeopleSoft can also run on SQL Server and DB2. However, Oracle is really the main player.
If you mean that Oracle will kill off PeopleSoft as an application and transition people to the Oracle application suite, then you're totally correct. Oracle has already said tha
Clarification? (Score:5, Funny)
Re:Clarification? hostile bidding (Score:2, Informative)
Now, some shares are not for sale, and when a company IPOs usually the owners keep a lot of their stock in their personal coffers (not for sale or waaay too expensive) so usually th
From the Trenches (Score:3, Informative)
First, Oracle's ERP software sucks a lot. We worry PS will die (be swallowed) and be forced to use inferior tools.
Second, we have our choice of DBs right now. We may choose Oracle, but we could choose DB2 as well. If the conditions were to change (software price/quality/etc) we could change. We like having that freedom. I doubt PS post-Oracle would release a DB agnostic product.
QUEST (Score:2)
For those who don't know about QUEST ( which is probably everyone here ), it's a very unstable, slow and annoying system for signing up for courses, reviewing marks, checking your account balance, etc. The damn thing doesn't work half the time, and the processes of adding/dropping/swapping a class is incredibly irritating.
Also, do any other Universities
Re:doubt it (Score:2)
This guy sucks (Score:2)
Too many people are treating the stock market like a damn lottery, were they buy in, expect to hit it, then sell the stock in a year or so. The market doesn't normally work like that.