Market Votes for Oracle

By Lisa Vaas  |  Posted 2004-06-14 Print this article Print

Win"> The market is voting for an Oracle win. PeopleSoft stock went up 8 percent this first week of the trial, closing at $18.75. As the San Jose Mercury News noted, that bumps up the price closer to Oracles current bid of $21 per share. Its a heck of a lot healthier gain than the Nasdaq composite index, the Mercury News pointed out, which gained just 1 percent over the same timeframe. It makes sense that the markets willing to up its bid for PeopleSoft price if it thinks that the price will eventually hit $21. (Click here for the Mercury News article "More Investors Think Oracle Will Win," which requires free registration to view.)
Judge Vaughn Walker is confused. The presiding judge in this case still hasnt figured out the difference between the midmarket and the market above it, as we can see in the questions he posed to Richard Allen.
(Click here for the Mercury News article "Ex-Edwards exec supports U.S. case," which quotes Walker. Free registration is required.) Walker is still evincing skepticism about whether theres a clear distinction between the needs of big enterprises and the midmarket. Unless the DOJ manages to convince the judge that there is indeed what Walker is calling a "membrane" that separates midmarket vendors from making it into the big time, we might all want to start thinking about buying up some PeopleSoft stock, because Oracle just might pull this off. Please register for TalkBack below and tell me and other readers what you think, or write to me at Associate Editor Lisa Vaas has written about enterprise applications since 1997. Check out eWEEK.coms Database Center at for the latest database news, reviews and analysis.

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Lisa Vaas is News Editor/Operations for and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.

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