PeopleSoft's board of directors has rejected Oracle's revised hostile bid, saying it believes the company is worth more than US$26 a share.
Oracle on Tuesday officially submitted its notification papers to the European Commission on its hostile bid for PeopleSoft.
Oracle's hostile bid for PeopleSoft is currently under review by Canadian antitrust regulators, adding yet another antitrust hurdle for the database-software maker to jump.
Microsoft's financial chief said this week that the software giant is more likely to make big acquisitions than it has been in the past.
Oracle tried to acquire open-source database maker MySQL, an indication of the profound changes the software giant is willing to make as it adapts to the increasingly significant collaborative programming philosophy.
Sun Microsystems will outline its long-term storage strategy in early April following the completion of the company's US$4.1 billion acquisition of storage vendor StorageTek back in September last year.
Microsoft has agreed to acquire Whale Communications, a specialist in secure remote access and Web application firewalls.
Microsoft is expected to launch updated and renamed Antigen e-mail security products, nearly a year after completing the takeover of their maker, Sybari.
VMWare is expected to introduce a new product bundle this week that it hopes will extend its lead in the virtualisation software market.
Google executives said they have no plans to build a browser and downplayed threats from Microsoft's new advertising system and plans to bundle search into Vista.
Google seems to want special treatment on Internet Explorer, according to Microsoft CEO Steve Ballmer.
Showing that it's more than a little interested in enabling people to handle office tasks over the Internet, Google said on Thursday that it has snapped up Writely, a maker of a Web-based word processor.
A month after closing its acquisition of Sybari Software, Microsoft is weighing the fate of roughly half of the security software maker's work force.
The security industry converges at the annual RSA Conference in San Francisco this week, an event that's moved far beyond its origins as a get-together for cryptogeeks and other insiders.
Microsoft is trying to dampen speculation that it will make a major acquisition in the antivirus market.
Chasing Ballmer in Sydney
Where's Ballmer? In this video, ZDNet.com.au journalist Liam Tung chases Steve Ballmer around the stree… Watch it now
NBN needs workers on board
D'Ascenzo: Read p23 of security review
Opening the floodgates on missing drives
'At The Whiteboard' Video Series
Click here to learn more about Microsoft Windows Server 2008 and Hyper-V technology.
Click here for more.
CXO's Unplugged - Real Business Insight
Phil Dobbie interviews business leaders to reveal their thoughts on various management challenges.
Click here to see the latest video.
Printer Superguide
Looking to buy a printer? Our superguide rates the latest printers and shines a light into the industry.
Click here for more.