June 2003
Investment Dealers' Digest;6/16/2003, Vol. 69 Issue 24, p50
Trade Publication
This article presents information about developments related to investment banking in the technology sector of the U.S. PeopleSoft Inc. abandoned plans last Wednesday to seek a temporary restraining order against Oracle, just a day after threatening that legal action. PeopleSoft is the target of a hostile takeover by Oracle and, though its management has vowed to fight any acquisition efforts, the company said its board will review any bid with an open mind. The FTC is expected to seek new powers from Congress to allow it to work with foreign governments to prosecute overseas and domestic spammers more easily. Texas Instruments said current quarter sales in Asia have been weakened by the outbreak of the SARS virus, and warned that it is unlikely to meet analysts earnings predictions.


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