A senior IBM executive has ruled out the technology heavyweight riding to the rescue of embattled applications software company PeopleSoft as it fights a US$7.3 billion hostile acquisition bid by Oracle.
A PeopleSoft board member testified Monday that former CEO Craig Conway was fired in large part because of his reckless exaggeration to Wall Street analysts when informing them last year that Oracle's offer to buy the company was no longer a disruptive influence.
PeopleSoft boss Craig Conway said Tuesday that Oracle's victory in its antitrust suit does not spell the end of PeopleSoft.
PeopleSoft CEO Craig Conway in a speech on Thursday talked up enterprise software and made only a veiled reference to a rival's hostile bid for his company.
Software maker PeopleSoft on Thursday formally rejected Oracle's $5.1 billion hostile takeover bid, saying the deal raises significant antitrust issues and "dramatically undervalues" the company.
As early as spring last year, Oracle considered Lawson Software and J.D. Edwards as acquisition targets, according to a videotaped deposition of Oracle's chief financial officer.
When all is said and done, CNET News.com's Charles Cooper asks whether the hostile bid to acquire PeopleSoft is smart or just silly.
The US Justice Department charges have been rejected, making way for Oracle's US$7.7 billion PeopleSoft merger. What does the future hold? Additional reading: New twist in software licensing
Could Larry Ellison's court performance have clinched Oracle's bid to buy PeopleSoft?
Trial pitting Oracle against PeopleSoft turns into mating ritual of sorts, as sides quibble over money.
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