Our Approach

Davis Polk takes a comprehensive approach to the IT sector. Our technology practice combines our traditional strengths in corporate transactions and governance and dispute resolution with an in-depth understanding of the distinctive requirements of the tech world.
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Of Note

In recent years we have been involved in:

  • More than 50 IPOs globally for technology companies
  • More convertible debt financings than any other firm in the world
  • Investment-grade debt financings for industry leaders like Oracle, Intel, IBM and Cisco
  • Tens of billions of dollars of completed merger and acquisition transactions, both negotiated and unsolicited
  • Numerous corporate defense assignments for tech companies of all sizes
  • Investigative and governance projects for boards and committees covering subjects like business and accounting practices, stock option granting and other compensation matters
  • High-stakes patent litigation on both the offense and defense
  • Major antitrust litigation and investigations related to proposed mergers and challenged business practices

Notable Matters

  • We regularly advise Oracle on major transactions, including its successful $10.3 billion hostile takeover of PeopleSoft, its $5.85 billion acquisition of Siebel Systems, its $3.3 billion acquisition of Hyperion Solutions and its $4.5 billion SEC-registered debt offering – the proceeds of which will be used for general corporate purposes and future acquisitions, including Oracle’s proposed acquisition of Sun.
  • We advised the joint book-running managers on a $5 billion SEC-registered debt offering by Cisco Systems, a designer, manufacturer and seller of IP-based networking and other products related to the communications and information technology industry.
  • We advised Palm, Inc. in a capital-raising program, including the sale of units of convertible preferred stock and warrants to Elevation Partners and an underwritten public offering of common stock. The combined proceeds to Palm of the two transactions were in excess of $200 million.
  • We represented Siemens AG in a worldwide investigation and criminal and regulatory matters relating to corruption allegations against the company. Our representation included acting as counsel in SEC and U.S. Department of Justice proceedings and in discussions with multilateral development banks, providing advice with respect to financial reporting, coordinating the company’s global defense with respect to non-U.S. investigations, and assisting in the development of enhanced compliance policies. In late 2008, the U.S. District Court for the District of Columbia approved the resolution of all criminal and civil investigations by the DOJ and the SEC.
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