In a tech industry in which news seems to trudge to the same dreary drumbeat--a relentless sales downturn, profits stagnant at best, venture capitalists with their wallets shut tight--at least Larry Ellison can still come up with a surprise. The founder of Oracle--one of the world's richest men, with company stock worth more than $17 billion--spent last week pushing a hostile bid to take over rival business-software firm PeopleSoft for a lowball price of $16 a share--about 50ยข less than the market value of the stock. Neither analysts nor competitors seemed sure whether to take him seriously. "Larry's just having some...
Eat ... Or Be Eaten
Software mogul Larry Ellison makes a hostile bid for a rival firm--and predicts that other tech giants will follow his lead
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