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| vetelmo |
 Posted: Wed Apr 12, 2006 6:41 am Post subject: Portal Software to Be Acquired by Oracle Corporation |
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Portal Software, Inc. (Pink Sheets:PRSF - News), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, today announced that it will be acquired by Oracle Corporation (Nasdaq:ORCL - News) through a cash tender offer for $4.90 per share, or approximately $220 million.
Portal's management and employees will form a dedicated global communications business unit within Oracle concentrating on billing and revenue management. Bhaskar Gorti, Portal's current SVP of worldwide sales, services and marketing, will lead the unit as General Manager, and Dave Labuda will become the unit's CTO
Here is more on "Portal Software to Be Acquired by Oracle Corporation"My mother works for Portal...errr I mean Oracle, lol!  |
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| jdunn72 |
| Posted: Wed Apr 19, 2006 10:34 pm Post subject: |
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Member of The Month
March
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| Oracle is one company that is not sitting around and lettin the world pass them by. I mean they even bought MYSQL didn't they? |
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| Dave Rathbun |
| Posted: Thu Apr 20, 2006 1:36 am Post subject: |
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CFO
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| jdunn72 wrote: | | I mean they even bought MYSQL didn't they? |
Where did you get that idea? |
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| jdunn72 |
| Posted: Thu Apr 20, 2006 9:16 am Post subject: |
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Member of The Month
March
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Well, that is the way I heard it but, as it turns out it is only a half-truth.
Here is a quote from an article about it at Investors Business Daily, in which Ingres announced it's debut as an open source DB and looks now to be the only viable truly open source DB......
"But despite widespread praise as one of the most advanced of the open-source databases, Ingres garnered little of the buzz enjoyed by such upstarts as MySQL and Sleepycat Software, which Oracle acquired in February.".........."Ingres officials say they have an edge over MySQL, which licenses its core technology from InnoDB, another one of Oracle's recent purchases."
So, even though MYSQL is still considered Open Source it bows to Oracle and Oracle can pull it's plug any time it's core licensing goes up for renewal. Interesting hunh?
It appears that Oracle is on a buying spree to sew up all the enterprise scalable relational databases that might compete with it. Click Here to read the rest of the article.  |
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| jdunn72 |
| Posted: Thu Apr 20, 2006 9:22 am Post subject: |
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Member of The Month
March
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Or actually all oracle has to do is squash InnoDB and stop all licensing and renewals of it's core technology and trasfer it to Oracle code thereby squashing MYSQL without really singling them out.  |
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| vetelmo |
| Posted: Tue Apr 25, 2006 8:28 pm Post subject: |
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Moderator
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| Their stock has done well inthe past week or so. I sold it off today for a 6% gain. |
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| jdunn72 |
| Posted: Wed Apr 26, 2006 4:09 am Post subject: |
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Member of The Month
March
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| Good job. |
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