Word: teche
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...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 50¢ less than the market value of the stock. Neither analysts nor competitors seemed sure whether to take...
...like Palm and Handspring, have tried to stave off the hungry advances of these giants by merging. Now it's the turn of Ellison's realm, the complex world of business software, to go through some serious cyclical slimming. The outcome will be crucial to owners of widely held tech stocks and people who use their products, which includes just about everyone...
...research firm. Already, 25% of the software manufacturers in existence in 2000 have disappeared, mostly by burning through their venture-capital cash. Gartner predicts another 25% will vanish by the end of 2004 through waves of mergers and acquisitions. The recovering stock market is boosting the shares of stronger tech firms more than those of weaker rivals, so there are plenty of bargains around for those whose pockets are still deep...
...spat between Ellison and Conway would be little more than an amusing sideshow if not for two things. First, it shows the reach of Ellison's influence. He has been CEO of Oracle since 1977--several lifetimes in the tech industry--and a coterie of former Oracle executives, dubbed the Little Larrys, has fanned out to rule much of the business-software world. Conway, Siebel and Marc Benioff, CEO of Salesforce. com, a company that lets clients hire out its enterprise applications, are members of the Oracle alumni e-mail list. There is no love lost for Ellison among them...
...crystal, surrounded by rhetorical Styrofoam. There are many sentences, sometimes whole paragraphs, that snooze along reflexively: "I wanted to guard the social safety net--health care, education, pensions, wages and jobs--that was in danger of fraying for citizens less able to absorb the changes resulting from the high-tech revolution and a global consumer culture." Living History is, first and last, a political memoir, and the leaden formalities of the genre apply. It is also the memoir of an active--and very ambitious--politician. The Senator is looking to augment her political viability. She reveals that she once went...