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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (47507)12/11/2004 4:23:34 AM
From: IQBAL LATIF  Respond to of 50167
 
Hopes for Mideast Peace Breakthrough High

Fri Dec 10, 2:54 PM ET World - AP


By STEVEN GUTKIN, Associated Press Writer

GAZA CITY, Gaza Strip - A rare optimism is taking hold among Palestinians amid signs of a possible breakthrough in the long-deadlocked Mideast peace process.




Palestinians are looking to next month's election to replace Yasser Arafat (news - web sites) as a new opportunity for peace and perhaps the first real democracy in the Arab world — and their support for violent militants appears to be waning, polls say.

"We want to live freely, to live like other human beings, to feel peace and security, not to worry about the future of my sons," said Hisham Karm, 33, speaking on a Gaza street.

The new hopes for peace — stronger than at any time since the outbreak of the Palestinian uprising four years ago — are shared by Israel and much of the international community.

In recent days, Egypt's president praised Ariel Sharon (news - web sites), Israel offered the Palestinians "quiet for quiet" and even Syria said it's ready to talk.

Still, the intefadeh, or uprising, isn't over, peace talks are a ways off and life for most Palestinians is as hard as ever.

Both Israeli Prime Minister Sharon and Egyptian President Hosni Mubarak (news - web sites) have taken to dousing the euphoria, explaining that no magical peace leap is at hand.

Yet the optimism itself is changing the region's political dynamics, bolstering moderate voices among the Palestinians, and making it easier for Sharon to push through his plan to withdraw from the Gaza Strip (news - web sites) and four West Bank settlements next year.

Sharon on Friday invited the dovish Labor Party to join his flagging coalition a day after a majority of 3,000 leaders of his own Likud Party voted to let it happen. Even though many Likud members supported Sharon out of fear of elections instead of any newfound warmth for peace, such a victory would have likely eluded Sharon only weeks ago, when gloom reigned supreme in the Middle East and hard-liners often held sway.

Two polls this month showed a drop in support for the militant Hamas group and an increase for the mainstream Fatah (news - web sites) movement. The independent Jerusalem Media and Communication Center, in a survey of 1,200 people with a 3 percent error margin, found that 52 percent of Palestinians now oppose militant attacks on Israelis, compared with 26.9 percent in June.

Palestinian lawmakers are at work amending electoral laws that would make it easier for militants to participate in politics, hoping that a stake in the system will persuade them to halt attacks.

"There is a feeling among the Palestinians that everybody has to shoulder his responsibility now," said Tawfek Abu Khoussa, chairman of the journalists' syndicate in the Gaza Strip.

Diplomats from around the world have descended upon Israel and the Palestinian territories, hoping to build on the peace momentum. The exhilaration hit a fever pitch this month when Mubarak described Sharon as the Palestinians' best chance for peace, then proceeded to release accused Israeli Arab spy Azzam Azzam, receiving six Egyptian students jailed by Israel in exchange.

Both Israel and the United States had refused to talk to Arafat because of what they said was his support for terror. His death on Nov. 11 removed what they called the main obstacle to negotiations.

Taken together with Sharon's planned withdrawals and growing fatigue on both sides over four years of unspeakable Israeli-Palestinian violence, conditions seem ripe for movement.

But few expect serious talks to resume until after Jan. 9 elections to choose Arafat's successor. Despite favoring his candidacy, Israel has carefully avoided any public embrace of the front-runner, Mahmoud Abbas, for fear of tarnishing his image in the Palestinian street.

Sharon has, however, offered assurances of full freedom of movement to carry out elections, and initiated contacts to coordinate the logistics. And Sharon has promised to refrain from military actions "if there is quiet" — a vow that has been repeatedly tested in recent days.



Overall, violence between the two sides has decreased since Arafat's death. But Palestinians say Israeli-imposed hardships — especially the ubiquitous roadblocks dotting roads and encircling towns — have not let up.

"He (Sharon) was always telling Arafat that he wanted actions, not words," said deputy Palestinian Information Minister Ahmed Soboh. "Now we are saying to Sharon we need actions and not words."

Abbas has told leaders of several militant groups that he will negotiate an amnesty for them with the Israelis after the elections if they agree to halt attacks and join the security forces.

The militants have sent mixed signals about their willingness to go along, however, with some telling The Associated Press they're willing to declare a truce and others saying no.

Sami Abu Zohri, Hamas spokesman in Gaza, said his group could accept a Palestinian state on lands captured by Israel in 1967, but "this doesn't mean that we will give up our rights in other parts of the land.

"We have our rights in Palestine. We are the land owners, and this is a Quranic fact," he said.

Both Hamas and the militant Islamic Jihad have announced they will boycott the presidential race so as not to recognize the Palestinian Authority (news - web sites), which they consider illegitimate because it was created as a result of peace talks with Israel.

However, both groups are expected to take part in local and legislative elections.

The hoped-for smooth transition of power suffered a setback when uprising leader Marwan Barghouti announced he would run for Palestinian president from his Israeli jail, where he is serving multiple life sentences for involvement in fatal attacks on Israelis. Most polls have Barghouti running neck-and-neck with Abbas.

Sami Yousef, 35, a vegetable merchant who took his family to view Arafat's grave, said he supports Abbas and wants the violence to end.

"Every year we expect better things, but we go backward instead of forward," Yousef said. Still, he added, "we're still thinking of Arafat."

Karm, on the street in Gaza, said he thinks Abbas "will help to improve our lives."

"He is a good man, but I am not sure when we can feel that change," Karm said.




To: IQBAL LATIF who wrote (47507)12/13/2004 7:55:12 AM
From: Neil H  Read Replies (1) | Respond to of 50167
 
Ike- Looks like Larry finally prevailed.

PeopleSoft Succumbs to Oracle

By TSC Staff
12/13/2004 6:56 AM EST
Updated from 6:29 a.m. EST
In the end, "best and final" was neither.

Oracle (ORCL:Nasdaq - commentary - research) on Monday announced a definitive agreement to acquire PeopleSoft (PSFT:Nasdaq - commentary - research) for $10.3 billion, ending one of the bitterest takeover sagas in the history of the software industry.




Oracle will pay $26.50 for each PeopleSoft share, adding $2.50 a share to a price it previously called its best and final and representing a 10.6% premium to PeopleSoft's Friday close of $23.95. The transaction, which was approved by both company's boards, ends 17 months of wrangling that saw the resignation of PeopleSoft CEO Craig Conway and the courtroom reversal of a government effort to block the takeover on antitrust grounds.

Shares of both companies were higher in premarket trading, with PeopleSoft adding $2.40, or 10.2%, to $26.49, and Oracle jumping 51 cents, or 6.6%, to $14.15.

Oracle, which earlier Monday said second-quarter earnings rose 32% to $815 million, or 16 cents a share, believes the PeopleSoft acquisition will add a penny a share to its fourth-quarter earnings and 2 cents a share to quarterly earnings in its fiscal 2006.

While Oracle's triumph is a feather in the cap of CEO Larry Ellison, it opens a number of urgent new questions about PeopleSoft, whose marketing and administration software is the gold standard among large U.S. corporations. First among them is the loyalty of PeopleSoft's existing customers, whose willingness to pony up a rich stream of royalty and support revenue helped prompt Oracle's first takeover bid in June 2003.

Speaking at a customer convention last week, Ellison repeated a pledge "to oversupport PeopleSoft customers" during the transition in an effort to prevent defections to rivals like Germany's SAP (SAP:NYSE - commentary - research).

For PeopleSoft, the writing has been on the wall since Nov. 21, when about 60% of its shareholders tendered into Oracle's then-$9 billion hostile offer. Publicly, the company had hung its hopes on both a traditional "poison-pill" antitakeover defense and an unconventional customer rebate program designed to make a buyout prohibitively expensive.

Both strategies were the subject of litigation that might have dragged on into the spring. Meanwhile, Oracle last month named a slate of four candidates for PeopleSoft's board, the first step in an end-around proxy battle that could have resulted in the ouster of PeopleSoft's directors at an upcoming shareholders' meeting. PeopleSoft also faced a revolt among owners who had previously agreed to settle a suit that alleged the company was too vigorous in its resistance to the deal, breaching its fiduciary duty.

Under the new agreement, Oracle's tender offer has been extended to Dec. 28. About 120.6 million PeopleSoft shares are currently tendered into the offer.

"This merger works because we will have more customers, which increases our ability to invest more in applications development and support," Oracle said in a statement. "We intend to enhance PeopleSoft 8 and develop a PeopleSoft 9 and enhance a JD Edwards 5 and develop a JD Edwards 6. We intend to immediately extend and improve support for existing JD Edwards and PeopleSoft customers worldwide."

Oracle's second-quarter earnings of 16 cents a share beat the Thomson First Call estimate by 2 cents a share. The company reported a 10% jump in overall revenue to $2.76 billion, beating forecasts of $2.64 billion.

In the quarter, Oracle said software license revenue rose 13% to $2.22 billion, while services revenue rose 1% to $533 million. New software license sales rose 14% to $971 million, including a 57% increase in new application sales. Second-quarter operating margin added 4 percentage points from a year ago to 41%.