PeopleSoft's financial condition may have deteriorated by as much as one-third since the start of the year, a top Oracle executive said Monday during courtroom testimony.
Oracle director Joseph Grundfest acknowledged during courtroom testimony Thursday that the company's US$21-a-share offer for PeopleSoft may not be its last.
Software maker SAP and the Defense Department were among a half-dozen parties that asked a federal judge last Tuesday to prevent Oracle's in-house attorneys from reviewing confidential documents and information.
Three days before Oracle publicly announced its intention to buy PeopleSoft, the deal was already viewed as a way to sow seeds of doubt in the minds of PeopleSoft customers.
PeopleSoft investors voted overwhelmingly to re-elect the company's board of directors on Thursday, giving the software maker some breathing room in its battle to avert Oracle's hostile takeover bid.
The Oracle antitrust trial isn't the only thing that's throwing PeopleSoft off track these days, according to financial analysts.
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Despite a rocky beginning, intrusion detection and prevention systems are an important part of any security arsenal. We road-test six hardware and software-based systems.
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