Mergers and Acquisitions and Takeovers - Oh My!
OK, I can see SCO stirring up trouble in the *NIX world in hopes that a giant will buy them out to resolve the mess. Makes sense in a way but is also very likely to backfire.
It also makes sense for Palm to buy Handspring. The 2 head honchos of Handspring (Jeff Hawkins and Donna Dubinsky) were the key players at Palm after all. It never made sense for them to split and fight against each other instead of focusing on the Pocket PC threat from Redmond.
But it really gets crazy in the app vendor market. PeopleSoft was going to merge with J.D. Edwards. OK. Then Oracle steps in and announces an unsolicited, unwelcome attempt to buy PeopleSoft.
This could be a way for Larry Ellison, the world’s 6th or 7th richest person, to either A) Kill a competitor by acquiring them or B) Hurt the competitor by causing uncertainty enough for PeopleSoft customers to postpone buying decisions. Or both.
J.D. Edwards has now filed suit against Oracle for $1.7 billion. Heck, Larry can whip out his checkbook and write a check for that amount.
2:31:40 PM
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