The New York Times > Business > Your Money > Digital Domain: The New Silicon Valley: A Dog-Eat-Dog World "Last week, PeopleSoft customers met in San Francisco for a company pep rally, and PeopleSoft executives put on a brave front. They also had news to lift spirits: a technology pact with I.B.M. This set off speculation that I.B.M. may be willing to come to PeopleSoft's rescue. It was easy to imagine Mr. Conway's dog safe in a new home, a company with $89 billion in revenue, that would protect it from the $10 billion predator.
If I.B.M. acquired PeopleSoft, it would offer a new science lesson for Mr. Ellison to absorb: while consolidation in the software industry is inevitable, Oracle is far from the top of the food chain."