Having stashed almost $1.7 billion in cash, PeopleSoft
’s thirst does not seem to be quenched by the recent buy-back of Momentum Business Applications, an R&D firm it created and spun off in 1998. While the speculations about the next acquisition candidate abound, many supply chain companies have been dolling themselves up hoping to catch one of the most eligible bachelor’s eye.
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s Buying Momentum Goes On. Pageant Participants, Line Up Please! Part 2: User Recommendations Event Summary At the beginning of February, PeopleSoft, Inc. (NASDAQ: PSFT), one of the largest enterprise applications providers indicated its continued interest in rounding out its product portfolio through favorably priced acquisitions. According to the Financial Times, Craig Conway, PeopleSoft's CEO, somewhat enigmatically said there were a number of well priced firms out in the market today that he