1 Nov 2004 23:38
Edupage, November 01, 2004
Educause Educause <EDUCAUSE <at> EDUCAUSE.EDU>
2004-11-01 22:38:49 GMT
2004-11-01 22:38:49 GMT
***************************************************** Edupage is a service of EDUCAUSE, a nonprofit association whose mission is to advance higher education by promoting the intelligent use of information technology. ***************************************************** TOP STORIES FOR MONDAY, NOVEMBER 01, 2004 Oracle Makes Final Offer for PeopleSoft Mexico Seeks to Boost Science and Tech Funding The Growing Problem of Spyware Chinese Authorities Close Internet Cafes ORACLE MAKES FINAL OFFER FOR PEOPLESOFT Oracle has made what it calls its "best and final offer" of $24 a share in its bid to acquire rival PeopleSoft. Since Oracle began its attempted hostile takeover, the bid has ranged from $19.50 to $26 per share, and the board of PeopleSoft has consistently said the offers undervalue the company. Urged by the Delaware judge hearing arguments over PeopleSoft's poison pill, Oracle has now made what it says it its last offer. If, by the November 19 deadline, fewer than 50 percent of the shares of PeopleSoft have been tendered, Oracle said it will end its takeover bid. If more than 50 percent are tendered, however, and the poison pill remains in place, Oracle will ask the Delaware court to rule on the matter. Experts said that the Delaware court is not likely to force PeopleSoft to remove the poison pill. CNET, 1 November 2004 http://news.com.com/2100-1014_3-5433903.html MEXICO SEEKS TO BOOST SCIENCE AND TECH FUNDING A bill has passed Mexico's lower house of Congress that would(Continue reading)
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