Monday, October 04, 2004

Microsoft rules out PeopleSoft bid | CNET News.com

Microsoft rules out PeopleSoft bid | CNET News.com "Microsoft CEO Steve Ballmer has ruled out acting as the white knight for business software maker PeopleSoft, which is trying to fight off a hostile takeover by Oracle.
Several months ago, it emerged that Microsoft had been in merger talks with Germany's SAP, the world's biggest business-planning software maker. But much smaller PeopleSoft pales by comparison, Microsoft CEO Steve Ballmer told the U.K.-based Financial Times.
"I know SAP, and they're no SAP," he said in a Financial Times article published Monday.
"We like our focus on small and medium (size) companies. And if we weren't going to be focused on small and medium companies, you know what we wanted to buy," he was quoted as saying."
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