Monday, June 16, 2003

Has Oracle's Chief Disarmed a Rival?

Has Oracle's Chief Disarmed a Rival? "If Oracle ever reaches a deal to buy PeopleSoft, Mr. Ellison has said he intends to shut it down and transfer its customers to Oracle's eBusiness Suite software. But a takeover is viewed as remote because of possible antitrust objections and since PeopleSoft's board has already rejected the offer and filed a lawsuit on Friday against Oracle, accusing it of unfair trade practices.
So far, he is already pursuing one of those goals: The hostile bid that was announced June 6 has created so much uncertainty about PeopleSoft's future and that of J. D. Edwards & Company — the software company that PeopleSoft agreed to acquire earlier this month — that some potential clients are being advised not to place orders. (Ted Kempf, an analyst at Gartner Research who advises companies about software purchases, told his clients last week to avoid PeopleSoft until the takeover fight was resolved.)"

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