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December 20, 2012
13:22 EDTET, MKTG, ELOQ, ORCLExactTarget, Responsys climb after peer acquired by Oracle
ExactTarget (ET) and Responsys (MKTG) are advancing after one of their competitors, Eloqua (ELOQ), was acquired for a large premium by Oracle (ORCL). Oracle announced earlier today that it had agreed to buy Eloqua, which provides software as a service marketing tools, for $23.50 per share, or $871M net of Eloqua's cash. Eloqua's stock closed yesterday at $17.92. Like Eloqua, ExactTarget and Responsys provide software as a service marketing tools. In mid-afternoon trading, ExactTarget rose 6.84% to $20.47, while Responsys advanced 1.70% to $5.99.
News For ET;MKTG;ELOQ;ORCL From The Last 14 Days
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August 15, 2014
08:11 EDTORCLOracle checks showing signs of improvement, says FBR Capital
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August 14, 2014
18:28 EDTORCLCourt finds Rimini Street infringed Oracle copyrights, stole IP
On August 14, the U.S. District Court in Las Vegas entered an order granting Oracle's motion for partial summary judgment in its case against Rimini Street, and its CEO, Seth Ravin. Oracle moved for summary judgment on Rimini's counterclaims for defamation and unfair competition. In those counterclaims, Rimini challenged Oracle's public statements that Rimini had engaged in massive theft of Oracle's intellectual property. The Court dismissed those counterclaims finding that Oracle's statements "that Rimini had engaged in 'massive theft' of Oracle's intellectual property are true." The Court explained that "It is undisputed that Rimini engaged in theft of Oracle's intellectual property." The Court also found that Rimini Street infringed Oracle's copyrights. In February, the Court found that Rimini Street infringed Oracle's PeopleSoft copyrights and that Oracle had proved prima facie copyright infringement as to its JD Edwards and Siebel copyrights. The Court ruled that Rimini Street also infringed Oracle Database copyrights. The Court found that Rimini Street had downloaded 25 copies of Oracle's Database software and possessed over 200 copies of this software even though Rimini's downloading, possession, and use of this software all was unlicensed. The Court ordered the parties to submit a pre-trial order within sixty days.
August 13, 2014
16:03 EDTORCLOracle extends tender offer for MICROS to September 2
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August 9, 2014
16:26 EDTORCLOracle sues Oregon over dispute with state's health-insurance exchange, WSJ says
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