Our attention is drawn the UK's first blogging MP, Tom Watson (Lab, West Bromwich East), and his extraordinary attempt to speak to Da Yoof.

HP is to buy Baltimore SelectAccess, a Web single sign on product, for £8.3m in cash.

Sungard, the US disaster recovery specialist, is mulling over a bid for Sherwood International, the UK insurance software firm, the FT reports.

Oracle had hoped its bid would undermine PeopleSoft's sales and compel shareholders to accept its $6.3 billion offer. PeopleSoft retaliated with a scheme that increased sales and forced obligations of between $460 million and $1.8 billion on Oracle's new customers if the deal went through. PeopleSoft may now have enough time to merge with JD Edwards, forestalling Oracle's hostile takeover.