Archive for October 15th, 2007
Oracle, the world’s third largest software 
company, is making an acquisition bid on a company that would boost Oracle’s chances to compete with Microsoft and IBM . Oracle made the $6.7 billion unsolicited offer to the board of directors of BEA Systems.The letter proposes to acquire BEA for $17 per share in an all cash deal. That’s a 25 percent premium over Tuesday’s closing pricing of $13.62. According to the letter, Oracle is prepared to proceed immediately to the next step: a definitive agreement.
BEA sells application server software and middleware. Software developers use its products to build systems on which other applications run. If Oracle successfully acquires BEA, it would mark the company’s biggest deal since it bought Siebel for about $6 billion in 2006. Earlier this year, Oracle purchased Hyperion Solutions, a business software developer, for more than $3 billion.
Click here to read the rest of this story on NewsFactor.
October 15th, 2007
Oracle, the world’s third largest software company, is making an acquisition bid on a company that would boost Oracle’s chances to compete with Microsoft and IBM . Oracle made the $6.7 billion unsolicited offer to the board of directors of BEA Systems.The letter proposes to acquire BEA for $17 per share in an all cash deal. That’s a 25 percent premium over Tuesday’s closing pricing of $13.62. According to the letter, Oracle is prepared to proceed immediately to the next step: a definitive agreement.
BEA sells application server software and middleware. Software developers use its products to build systems on which other applications run. If Oracle successfully acquires BEA, it would mark the company’s biggest deal since it bought Siebel for about $6 billion in 2006. Earlier this year, Oracle purchased Hyperion Solutions, a business software developer, for more than $3 billion.
Click here to read the rest of this story on NewsFactor.
October 15th, 2007
Mozilla, the organization responsible for creating the popular Firefox Web browser, is bringing Firefox to mobile phones. The open-source developer is planning to launch its mobile browser in 2008.Mozilla plans to add mobile devices to the first-class platform set for Mozilla2, which means Mozilla will make core platform decisions with mobile devices as first-class citizens.
“People ask us all the time about what Mozilla’s going to do about the mobile Web, and I’m very excited to announce that we plan to rock it,” Mike Schroepfer, a Mozilla developer who calls himself “schrep,” wrote on the Mozillazine blog.
Click here to read the rest of this story in NewsFactor.
October 15th, 2007
