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PeopleSoft
rejects Oracle bid again
San
Francisco: PeopleSoft's board has again rejected
Oracle's $8.8-bn hostile tender offer, leaving the latter
to appeal directly to PeopleSoft shareholders to decide
on the bid.
PeopleSoft's
fate now depends on whether enough shareholders will
favour the proposed deal and will tender their stock
to Oracle by November 19.
Oracle,
which launched its takeover in June 2003, has said it
will drop the takeover bid and focus on new acquisition
prospects if less than half the shares are tendered.
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Honda
legend chosen Japan's car of the year for 2004-05
Tokyo:
Honda Motor's newest luxury sedan Honda Legend has received
the Japanese auto industry's 'car of the year' award
for 2004-05.
The
car also received the 'most advanced technology' award
for its high-tech features, including the 'super handling
all-wheel-drive system', which according to the company
is the world's first to distribute torque between the
left and right wheels to boost traction on slippery
surfaces.
The
Honda Legend also features a safety system that detects
pedestrians during night-time driving and alerts drivers
to prevent accidents.
Honda's
Legend sells for around 5.25m yen ($49,070), a few thousand
dollars more than the previous model.
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Microsoft
to launch own search engine
San
Francisco:
Microsoft Corp (MS) is launching its own web search engine
to take on Google Inc. Google's shares came down by 2
per cent on this news.
Industry experts say though there are many similarities
between MS and Netscape and MS and Google, the Mountain
View, California-based company's Internet-based services
architecture is easier to defend against Microsoft's Windows.
Google can also be accessed via Linux-based computers
and other devices connected to the Internet, its proponents
say its web-based services such as e-mail and other potential
offerings could chip away at Microsoft's dominance and
upend the notion of paying for software.
For now, Google poses more of a threat to Microsoft's
MSN Internet division rather than its Windows franchise,
analysts said.
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