PeopleSoft does not have the critical mass to survive and will be bought out, Oracle co-president Charles Phillips said in Melbourne today.
As Oracle presses on with its hostile bid for PeopleSoft, only a "few" shares have been tendered at this point, top Oracle executive Chuck Phillips said Friday.
Oracle is sketching a broad outline of its US$10 billion PeopleSoft merger plans, but it's keeping major details, such as how many workers it plans to lay off, under wraps.
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.
Project Fusion will provide a common basis for all Oracle applications and compete head-to-head with the German rival's NetWeaver middleware.
A single phone call on Friday evening brought the long-running Oracle-PeopleSoft fight to a close, Oracle President Chuck Phillips revealed.
Software maker Oracle said on Monday it will acquire rival Siebel Systems in a deal worth US$5.8 billion, marking the second major competitor the company has targeted since mid-2004.
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
Thousands of customers attending what could be PeopleSoft's last independent annual conference want to know: Will Oracle prevail?
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