News
Ellison Wins, SAP Loses: Oracle Snatches Retek For $643.3M
Larry Ellison's Strategy, As the Whole World Knows, "Is To Get Big"
Mar. 22, 2005 12:00 AM
The bidding war for Retek is over. Larry Ellison has won, and SAP has lost - valuing the software maker at $643.3M - if reports early this morning are correct. The world's No. 3 software maker is also poised today to announce a Q3 sales surge of over 20%.
Reuters is reporting Oracle as claiming victory and saying it had received preliminary approval already on Friday from U.S. regulators for the proposed deal.
Just 2 weeks ago SAP must have thought its acquisition of end-to-end enterprise systems provider Retek for $8.50 per share was in the bag, but it was raised and then - after SAP boosted its offer to $11.00 per Retek share - re-raised. And it was Oracle's offer of $11.25 per share that has apparently triumphed.
Larry Ellison last week declared: "Our North American applications business is larger than SAP's. We intend to defend our number one position."
And that's exactly what he did. Ellison's strategy, as the whole world knows, "is to get big."
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sellyoursoultomephistopheles commented on 22 Mar 2005
this testosterone showoff larry ought to get his $%^$%^ wacked sooner or later. this desperate acquisition seems indication that is will be sooner than later. oracle core could hit more database trouble than is expected. 2005 will be a nice surprise year.
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jgminnow commented on 22 Mar 2005
Ellison's timing is impeccable. Just imagine......Retek acquired on the date of the Oracle earnings report. Luck or just plain grit? Who cares? He did it. And PeopleSoft is integrated ahead of schedule. So we'll be privy to another of his performances this afternoon. The numbers should be good according to all the crystal ball gazers I've read so we could have a "ka-ching" re the stock price.
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bigness warning commented on 22 Mar 2005
}}} "The dinosaur's eloquent lesson is that if some bigness is good, an overabundance of bigness is not necessarily better." - Eric Johnston {{{
Larry's missing the real trick. The real goal in business as in life should be greatness, not bigness.
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bigness warning commented on 22 Mar 2005
"The dinosaur's eloquent lesson is that if some bigness is good, an overabundance of bigness is not necessarily better." - Eric Johnston
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bigness warning commented on 22 Mar 2005
"The dinosaur's eloquent lesson is that if some bigness is good, an overabundance of bigness is not necessarily better." - Eric Johnston
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Gwayne commented on 22 Mar 2005
We tend to think that we're so much better off today than we were hundreds of years ago in the fiefdoms, where battles to dominate a 'territory' were fought by swords and loyalty was bought with title. Don't fool yourself. This was a battle for territory like any other.
Things aren't so different today:
*fiefdoms are now corporations
*multi-nationals are nation-states
*battles are fought on the economic landscape
*loyalty is bought with cash
*the one with the most cash is king
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tv larry commented on 22 Mar 2005
What was it Ellison once said? "It's strange, like I am an actor in a soap opera who plays himself." Seems he's still the star. Poor old SAP.
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