Yes, of course. The M60 or any other modern laptop can run any of that software no problem. As with any computer, be sure to get plenty of RAM (1 GIG will suffice) and hard drive space.
The biggest difference between notebooks and desktop computers has traditionally been the graphics capabilities. But that gap has pretty much closed. Heck, now you can get the Dell 8600 with a Radeon 9600 graphics card.
I wouldn't recommend using a notebook as a host platform for enterprise computing, simply because the generally don't support huge hard drive, RAIDs, etc. But to simply run Oracle, PeopleSoft, etc... no problem.