November 2004
Investment Dealers' Digest;11/29/2004, Vol. 70 Issue 46, p58
Trade Publication
This article presents information related to investment banking in the U.S. technology industry. PeopleSoft Inc.'s board once again unanimously rejected Oracle Corp.'s $9.2 billion hostile bid, despite the tact that shareholders have already tendered 61% of the company's shares to Oracle. PeopleSoft's management called the bid inadequate. Computer Associates named John Swainson, the head of sales for IBM software, as its new CEO, replacing Sanjay Kumar, who was indicted after the discovery of a $2.2 billion accounting scandal at the company.


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