FRAMINGHAM (06/23/2000) - Oracle Corp. quietly signed its first application service provider agreement earlier this month, even though CEO Larry Ellison said last year that he would allow third parties to host Oracle applications "over my dead body." Oracle inked an agreement that will allow Agilera.com Inc. in Englewood, Colorado, to host its full suite of applications for corporate customers, according to Agilera. Oracle officials declined to confirm or deny whether there is a deal with Agilera.com. Analysts said a half-dozen firms are involved.
Handspring IPO Soars
Investors were falling all over themselves to scoop up shares of Mountain View, California-based Handspring Inc. last week, as the maker of arival to the PalmPilot went public. Raising $200 million, the founders of Handspring - who also created the PalmPilot - saw the value of their firm rise to more than $3 billion on Wall Street after shares started trading.
Texas Instruments Buys Burr-Brown
Texas Instruments Inc. announced that it will buy data converter maker Burr-Brown Corp. in a stock-for-stock deal worth approximately $7.6 billion.
Dallas-based Texas Instruments will integrate Tucson, Arizona-based Burr-Brown's products into its line of analog chips. The deal is expected to close in thethird quarter.
Rambus Settles Hitachi Suit
Rambus Inc. has settled its patent dispute with Hitachi Ltd. As part of the agreement, Tokyo-based Hitachi will pay Mountain View, California-based Rambus an undisclosed settlement fee and quarterly royalty payments. Rambus filed its suit in January against Hitachi and Tokyo-based Sega Enterprises, charging the companies with infringing on Rambus' patents for protecting synchronous memory technology and high-performance bus interfaces.