EdgeSpeak

"Easter is not a time for groping through dusty, musty tomes or tombs to disprove spontaneous generation or even to prove life eternal. It is a day to fan the ashes of dead hope, a day to banish doubts and seek the slopes where the sun is rising, to revel in the faith which transports us out of ourselves and the dead past into the vast and inviting unknown." ~Author unknown, as quoted in the Lewiston Tribune

******
Things are picking up! Soon you may not have time to phone source to fill your hard-to-fill positions. When that happy event happens in your world, call the phone sourcing experts at TechTrak 513 899 9628

Wednesday, April 30, 2008

Layoffs Loom at BEA

Oracle completes $8.5 billion takeover of BEA, layoffs loom
Business software maker Oracle Corp. (ORCL) completed its $8.5 billion takeover of rival BEA Systems Inc. (BEAS) Tuesday after European regulators approved the deal.

It was Oracle's largest acquisition since the Redwood Shores-based company paid $11.1billion for PeopleSoft Inc. in 2005. Oracle has now spent about $35 billion buying dozens of its smaller competitors during the past three years in an effort to build a one-stop shop for database and business applications software.

Oracle prizes San Jose-based BEA for its so-called "middleware" - computer coding that helps business programs interact with databases.

The takeover is expected to trigger layoffs among BEA's work force of 4,100 employees, most of whom will receive severance packages as part of a plan adopted late last year while BEA's board was still trying to fend off Oracle.

Oracle has acknowledged job cuts are likely as it strives to maximize its profit from the BEA deal but hasn't specified how many workers will be jettisoned.

Read the whole story here.
******
Join the MagicMethod Phone Sourcing network here.

Posted by The Edge at 2:49 AM

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)