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BUSINESS
March 9, 2005 | From Bloomberg News
Oracle Corp. said Tuesday that it planned to make a $504-million takeover offer for Retek Inc., sparking a bidding war with larger competitor SAP. Retek shares surged 17% on the news. Oracle, the world's No. 2 maker of business-management software, bought 10% of Retek this week and said it would begin a $9-a-share tender offer today. Germany's SAP on Feb. 28 offered $8.50 a share for Retek, a Minneapolis-based maker of software for retail companies.
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BUSINESS
March 23, 2005 | Terril Yue Jones, Times Staff Writer
By winning a bidding war for software maker Retek Inc., Oracle Corp. and Chief Executive Larry Ellison proved that they could close deals. Now Wall Street wants to see those deals pay off. Hours after announcing Tuesday that it had agreed to buy Retek for $670 million, Oracle said that fiscal third-quarter earnings were dragged down by its bitterly contested, $10.3-billion takeover of PeopleSoft Inc.
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BUSINESS
March 18, 2005 | From Associated Press
Business software makers Oracle Corp. and SAP intensified their takeover tug-of-war for retail software maker Retek Inc. on Thursday as they progressively raised the stakes with higher bids. Redwood City, Calif.-based Oracle finished the day with the higher offer of $11.25 a share, trumping SAP's $11-a-share bid from earlier in the day. Oracle raised the stakes even after Retek's board unanimously accepted SAP's offer.
BUSINESS
March 18, 2005 | From Associated Press
Business software makers Oracle Corp. and SAP intensified their takeover tug-of-war for retail software maker Retek Inc. on Thursday as they progressively raised the stakes with higher bids. Redwood City, Calif.-based Oracle finished the day with the higher offer of $11.25 a share, trumping SAP's $11-a-share bid from earlier in the day. Oracle raised the stakes even after Retek's board unanimously accepted SAP's offer.
BUSINESS
March 23, 2005 | Terril Yue Jones, Times Staff Writer
By winning a bidding war for software maker Retek Inc., Oracle Corp. and Chief Executive Larry Ellison proved that they could close deals. Now Wall Street wants to see those deals pay off. Hours after announcing Tuesday that it had agreed to buy Retek for $670 million, Oracle said that fiscal third-quarter earnings were dragged down by its bitterly contested, $10.3-billion takeover of PeopleSoft Inc.
BUSINESS
January 14, 2003
* Intel Corp. reduced by as much as 38% prices of many microprocessors used in laptops as the world's biggest chip maker prepared to sell new chips based on wireless technology. * Dell Computer Corp. said it will sell retail store systems, including cash registers based on personal computers, under alliances with four software vendors. The vendors are Retek Inc., AutoGas, GERS Retail Systems and MSS Global.
BUSINESS
July 6, 2005 | From Bloomberg News
Oracle Corp. said Tuesday that it had agreed to buy closely held ProfitLogic Inc., its second acquisition this year to increase sales of business programs used by retailers. Terms weren't disclosed. ProfitLogic's software analyzes customer demand to help retailers make inventory, pricing and merchandise decisions, Redwood City, Calif.-based Oracle said. ProfitLogic's customers include Bloomingdale's Inc. and Gap Inc.
BUSINESS
June 16, 2006 | From Bloomberg News
Oracle Corp. said Thursday that fiscal fourth-quarter profit and revenue would exceed forecasts on soaring sales of database licenses. In a preliminary earnings statement, the software maker said profit rose to 24 cents a share, topping the company's forecast of 21 cents to 23 cents. Sales grew 25% to $4.85 billion in the period ended May 31, exceeding the Redwood Shores, Calif.-based company's previous forecast of 13% to 17%.
BUSINESS
September 23, 2005 | From Bloomberg News
Oracle Corp. said fiscal first-quarter profit rose 2% as new license sales grew at the slowest pace in more than a year, missing the company's June forecast. Net income in the period ended Aug. 31 rose to $519 million, or 10 cents a share, from $509 million, or 10 cents, a year earlier, Redwood City, Calif.-based Oracle said. Sales rose 25% to $2.77 billion and missed analysts' estimates. New-license revenue rose 12%, short of Oracle's prediction of as much as 25%.
BUSINESS
March 21, 2006 | From the Associated Press
Oracle Corp.'s fiscal third-quarter profit rose 42%, the business software maker's biggest gain since it launched a high-priced shopping spree more than a year ago. The Redwood Shores, Calif.-based company said Monday that it earned $765 million, or 14 cents a share, for the three months ended Feb. 28. That compared with net income of $540 million, or 10 cents a share, at the same time last year. Revenue totaled $3.47 billion, up 18% from $2.95 billion a year earlier.
BUSINESS
March 9, 2005 | From Bloomberg News
Oracle Corp. said Tuesday that it planned to make a $504-million takeover offer for Retek Inc., sparking a bidding war with larger competitor SAP. Retek shares surged 17% on the news. Oracle, the world's No. 2 maker of business-management software, bought 10% of Retek this week and said it would begin a $9-a-share tender offer today. Germany's SAP on Feb. 28 offered $8.50 a share for Retek, a Minneapolis-based maker of software for retail companies.
BUSINESS
May 15, 2007 | Michelle Quinn, Times Staff Writer
A former Oracle Corp. vice president agreed Monday to pay the Securities and Exchange Commission $198,000 to settle charges that he used inside information gleaned from his wife, the lead executive assistant to Oracle Chief Executive Larry Ellison, to buy stock in companies that Oracle planned to acquire. As part of the deal, Christopher Balkenhol, 40, did not admit or deny the allegations but promised to pay back the alleged gains as well as a fine of nearly $100,000.
BUSINESS
March 21, 2005 | From Reuters
The Federal Reserve's stance on interest rates and the price of crude oil could determine the direction of the market this week. Higher oil prices could pull industrial and transportation stocks lower, and interest rate worries could weigh on financial and home builders' shares, strategists said. "What the Fed says will be on the minds of investors next week, as will be the cost of oil," said Alex Motola, portfolio manager at Thornburg Investment Management.
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