April 30, 2008 |
Business software maker Oracle Corp. completed its $8.5-billion takeover of BEA Systems Inc. after European regulators approved the deal. It was Oracle's largest acquisition since the Redwood Shores, Calif., company paid $11.1 billion for PeopleSoft Inc. in 2005. Oracle prizes San Jose-based BEA for its so-called middleware -- computer coding that helps business programs interact with databases.
August 21, 2008 |
Software maker Oracle Corp. reported $48.4 million in annual compensation for Chief Executive Larry Ellison, a 38% increase. His salary stayed at $1 million for the 12 months that ended in May, Oracle said in a regulatory filing. His compensation, calculated under Securities and Exchange Commission rules, included $35.2 million in stock option awards, up 47% from a year earlier.
July 29, 2008 |
Business software maker Oracle Corp. escalated its theft allegations against rival SAP. Oracle has sued SAP, accusing it of letting its TomorrowNow unit steal copies of Oracle products. In court documents, Oracle said SAP executives knew TomorrowNow had a "corrupt business model" yet didn't stop the illegal activity until recently. SAP plans to close the unit in October.
February 9, 2006 |
Business software maker Oracle Corp. is expected to announce more than 1,000 job cuts today as it outlines plans to absorb rival Siebel Systems Inc. A person familiar with the plans said the cuts would be revealed during an afternoon conference call with industry analysts. They have been widely anticipated since Redwood Shores, Calif.-based Oracle announced the $5.85-billion acquisition five months ago.
October 24, 2007 |
With no other suitors stepping forward, business software maker Oracle Corp. is threatening to abandon its $6.7-billion bid for BEA Systems Inc. unless its smaller rival accepts the offer by Sunday evening. Oracle set the deadline after being notified that San Jose-based BEA's board of directors had rejected its $17-a-share offer for the second time in less than two weeks. In response, BEA reiterated its position that Redwood Shores, Calif.