DOJ to block Oracle's bid for PeopleSoft

This is just terrible: Justice Department Plans Suit to Block Oracle Bid:

The Justice Department said it would file suit to block Oracle Corp.'s $9.4 billion hostile offer for PeopleSoft Inc. because the proposed takeover would reduce competition in the market for complex software programs used to run corporations and institutions.

But Oracle and others helped let the genie out of the bottle when they went after MSFT. Companies are assets to be bought and sold and the hubris of the state believing it can even properly calculate the net impact of such a merger is obnoxious. Enterprise software is a dynamic, fluid, market and there are many, many entrepeneurs out there ready and willing to take advantage of any over-reach by an Oracle/PeopleSoft combo.