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...seasoned marketing executive who in 1998 began overseeing the online curiosity that rapidly morphed into the world's most successful e-commerce company. Valued at $32 billion, eBay handles transactions worth $59 million a day, or $684 a second. Mom-and-pop shops peddle their wares alongside IBM, Kodak and Sears--and many stake their livelihood on the digital marketplace. "I think there's a minimum of 150,000 businesses that might not exist without eBay," says Whitman...
Even assuming PeopleSoft fends off his offer, Ellison may yet have the last laugh. This is the era of consolidation in computerland. Companies like IBM, Microsoft, Yahoo and USA Interactive have spent billions of dollars snapping up smaller competitors. Others, 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...
...also faces a whole range of challenges. His biggest asset is Oracle's Database software: 70% of all packaged business applications worldwide run on it, making it as hard to ignore as Microsoft Windows. Even Oracle's biggest rival, German giant SAP, chooses to use Oracle Database over its IBM and Microsoft-made counterparts. Oracle Database is a huge part of that virtual plumbing system known as back-office software, which helps keep track of payroll, makes sure products leave warehouses on time--and remains mostly invisible to all but the client company's IT department...
Some of those customers are not happy with the idea of being traded like poker chips. Conway says he has received calls of support from 26 of his customers' chief information officers. The majority, he claims, were indignant enough to consider switching from Oracle Database to its Microsoft and IBM rivals. The idea of Oracle splashing out $5.1 billion on PeopleSoft also unnerved investment analysts at Moody's, who downgraded the firm's outlook for Oracle from stable to negative; however, few investors followed suit. Oracle's stock rose to $13.48 at the end of the week, up 3% over...
...dozens of test spins daily, Metro hopes the devices will catch on enough to justify mass production. Advantage on The Net Wimbledon may be one of sport's most old-fashioned events, but that hasn't stopped IBM from using this year's edition of the tennis tournament as a kind of tech lab. Equipment from IBM and Cisco is being used to turn the entire Wimbledon site into a wi-fi zone. Journalists will be able to file stories wirelessly from any location, and game statistics will be logged directly from courtside into the data-crunching network used...