Oracle co-President Charles Phillips on Monday outlined a case for challenging the U.S. Justice Department's lawsuit blocking his company's hostile US$9.4 billion bid to buy PeopleSoft.
Oracle executives took the stage to rally support for the company's development plans after a recent acquisition tear that has left Wall Street lukewarm on the firm.
SAP has increased its offer for Retek in an effort to hold its ground against Oracle's hostile counterbid for the retail software specialist.
In a government deposition, Oracle President Charles Phillips downplayed the relevance of a report he issued in his previous job as Morgan Stanley analyst, in which he declared that SAP, Oracle and PeopleSoft comprised an oligopoly for back-office business applications.
SAP, a top Oracle rival, has joined a chorus of critics questioning the U.S. Justice Department's lawsuit to block Oracle's acquisition of PeopleSoft and the agency's decision to discount Microsoft as a major competitive force in the business applications market.
Project Fusion will provide a common basis for all Oracle applications and compete head-to-head with the German rival's NetWeaver middleware.
The rivalry is nothing new, but Ellison's acquisition strategy is infusing it with new vigour -- and may redefine an industry.
Oracle may be celebrating its long-awaited union with PeopleSoft, but customers, employees and competitors have reason to worry.
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