Friday, October 08, 2004

WSJ.com - Oracle Mulls Lowering Bid For PeopleSoft, Ellison Says

WSJ.com - Oracle Mulls Lowering Bid For PeopleSoft, Ellison Says: " Oracle Corp. Chief Executive Larry Ellison said discussions within the company at this point are leaning more toward lowering the $21-a-share Oracle is offering for rival PeopleSoft Inc.
Mr. Ellison said Friday that 'acquiring PeopleSoft is very, very important for Oracle's future.' The statement came in the fifth day of testimony at the trial of Oracle's lawsuit against PeopleSoft's corporate anti-takeover measures."
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