September 10, 2004
Round One: Oracle Wins...So Far
This is a real blow to the free market. How did this happen? Anti-trust laws have been in place for many years. There is so much focus on how Microsoft is a monopoly. But Ellison definitely wants to rule the world! The plot definitely thickens. Stay tuned for more on what the European Commission has to say on this one. Both companies are obviously global, so US courts are not the only one who get to have an opinion on this one...
"While the ruling is a victory for Oracle and its combative CEO Larry Ellison, the business software developer still faces a poison pill and a possible appeal from the Justice Department, as well as other court and regulatory hurdles.
The European Commission has opened its own review of the takeover bid. Also, a jury trial is scheduled to begin Nov. 1 in California state court in a suit filed by PeopleSoft seeking damages from Oracle for hurting its business." For the full story see: http://cbs.marketwatch.com/news/story.asp?guid=%7BD38D6F0A%2D2638%2D4751%2DA4BD%2D56DD902789A2%7D&siteid=google
For information on Issues Central Sarbanes-Oxley Compliance Playbook (tm) see www.issuescentral.com
"While the ruling is a victory for Oracle and its combative CEO Larry Ellison, the business software developer still faces a poison pill and a possible appeal from the Justice Department, as well as other court and regulatory hurdles.
The European Commission has opened its own review of the takeover bid. Also, a jury trial is scheduled to begin Nov. 1 in California state court in a suit filed by PeopleSoft seeking damages from Oracle for hurting its business." For the full story see: http://cbs.marketwatch.com/news/story.asp?guid=%7BD38D6F0A%2D2638%2D4751%2DA4BD%2D56DD902789A2%7D&siteid=google
For information on Issues Central Sarbanes-Oxley Compliance Playbook (tm) see www.issuescentral.com
