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.
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.
U.S antitrust officials may wait until January to weigh in on Oracle's embattled bid to acquire PeopleSoft, and European regulators are likely to initiate a more in-depth review of the deal, an Oracle executive said Wednesday.
Oracle may be celebrating its long-awaited union with PeopleSoft, but a day after the landmark deal not everyone is happy.
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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