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.
SAP has no plans to join Oracle and get involved in the megamerger game.
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.
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.
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.
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