PeopleSoft has cancelled its plans to appear in court Tuesday to seek a temporary restraining order against Oracle and its attempt to take over its business software rival, according to the database giant.
Oracle has asked the Delaware Chancery Court to give it until September 15 to decide on a hearing date for its lawsuit against PeopleSoft.
PeopleSoft said Friday that it has filed a suit against Oracle, the latest in a series of moves aimed at thwarting the database giant's unsolicited takeover bid.
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.
Trial pitting Oracle against PeopleSoft turns into mating ritual of sorts, as sides quibble over money.
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 latest Oracle ruling is just another indication that consolidation, mergers and acquisitions are part and parcel of the business landscape. The underlying issue for customers is this: who controls the destiny of their software?
Thousands of customers attending what could be PeopleSoft's last independent annual conference want to know: Will Oracle prevail?
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
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