Oracle Chief Executive Larry Ellison testified Friday that he and his board of directors came close to a merger with PeopleSoft in 2000, and had expected that last year's takeover bid would have been accepted within a matter of weeks.
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.
In a shock move on Friday, PeopleSoft announced its decision to terminate Craig Conway as president and chief executive of the company with immediate effect.
Oracle, which announced a surprise bid to acquire PeopleSoft last Friday, has asked to meet with the business software maker to explain its intentions.
PeopleSoft took its buyout battle to customers Monday, sending clients a letter seeking their support in fighting a proposed takeover by Oracle.
Is PeopleSoft's founder and long-time chief executive back at the helm to accept Oracle's takeover bid, or to dig in for a long-term battle?
Lured by the promise of personal attention every bit as good as that lavished on bigger customers, John Matelski decided seven years ago to buy a US$1.7 million accounting system from J.D. Edwards for the City of Orlando, Fla.
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.
The two-year hostile takeover battle between Oracle and PeopleSoft has apparently not left Dave Duffield winded.
PeopleSoft casts aspersions on the flexibility and adaptability of its competitor, SAP. The bombastic rhetoric is a side show, however. The issue for enterprises is which vendor can provide the most reliable, cost-effective solutions.
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