Oracle dropped the axe Friday in the US, announcing plans to lay off 5,000 workers in its effort to squeeze costs out of its US$10.3 billion software merger with PeopleSoft.
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.
Oracle attorneys made a forceful effort to blast holes in the government's case to block its US$7.7 billion bid to buy PeopleSoft in the opening arguments of a federal antitrust trial here on Monday in the US.
Microsoft worried that if Oracle acquired PeopleSoft, it could lose ground in the database software market, and that fear spurred Microsoft to discuss a merger with SAP last year.
Oracle on Tuesday trotted out numerous PeopleSoft documents discussing competitive pressure from Lawson Software and a variety of other makers of business application software.
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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