So Oracle have won the battle for Retek.
It seems like the more logical merger of the two but the line56.com commentary quotes AMR as saying
"Oracle needs at least a fourfold increase in retail-centric revenue ($700M to $800M per year), with at least double the profit percentage that Retek has seen in recent years, to have the deal make any financial sense...".
And then we have the SAP sour grapes ;-)
"SAP offered its viewpoint in a press release, saying that, as a "disciplined investor," it didn't want to pay an inflated Retek price that "in the long run, [would] not deliver the returns we demand."
It'll be interesting to see what develops!
"Oracle needs at least a fourfold increase in retail-centric revenue ($700M to $800M per year), with at least double the profit percentage that Retek has seen in recent years, to have the deal make any financial sense...".
And then we have the SAP sour grapes ;-)
"SAP offered its viewpoint in a press release, saying that, as a "disciplined investor," it didn't want to pay an inflated Retek price that "in the long run, [would] not deliver the returns we demand."
It'll be interesting to see what develops!
posted by John Hobson at 9:34 pm
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