CEO Larry Ellison and other executives sounded off at Oracle's annual shareholder meeting on Monday, delving into topics such as shareholder dividends, political campaign contributions and--with the PeopleSoft bid a recurring topic--the company's acquisition strategy.
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
PeopleSoft has amended a lawsuit against Oracle that charges its rival's unwelcome acquisition bid was mainly designed to disrupt its business.
Oracle's megamerger with Siebel Systems received mixed reviews on Monday from analysts, customers and partners, but there were few concerns about the companies' ability to integrate.
An executive exodus at PeopleSoft has some outside experts worried that Oracle's hostile buyout bid, coupled with a difficult sales climate, has taken a bigger toll than the software maker is letting on.
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
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