PeopleSoft trial airs dirty laundry
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As PeopleSoft Inc. and Oracle Corp. continue dragging each other into courtrooms across the country, the trials are bringing to light reams of internal documents and discussions usually hidden from public view. Highlights so far from this week's case in Delaware's Chancery Court include:
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Former PeopleSoft Inc. Chief Executive Craig Conway testified that he lied when he told investors last year that Oracle Corp.&#39;s $7.
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The second and final week of a Delaware court trial relating to Oracle Corp.'s hostile takeover bid for PeopleSoft Inc. turned into an extended negotiating session between the two sides. Oracle executives criticized PeopleSoft's business in an apparent attempt to drive down PeopleSoft's selling price, while PeopleSoft rewrote for the sixth time the controversial "customer assurance program" (CAP) that could significantly increase Oracle's acquisition costs.ADVERTISEMENTSBC Case Study: Crate & BarrelWhat sold them on improving their network? A system that could cut management costs from the get-go. Find out more.
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Lack of faith never looked so good. As regular readers of Faces In The News are aware, earlier this month the board of PeopleSoft (nasdaq: PSFT - news - people ) ousted Chief Executive Craig Conway.
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PeopleSoft's board ousted Craig Conway as CEO after he made a misleading statement about the company's ability to recruit customers while fending off Oracle's &#36;7.7 billion hostile takeover bid, a PeopleSoft board member testified in court Monday.
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What Oracle CEO Larry Ellison has longed to hear from PeopleSoft behind closed doors instead floated to the surface in a Delaware courthouse.
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This round of corporate trials is focusing on bad behavior and loose ethics. Key prosecution witnesses are being grilled about their drug use, tax problems and sex lives in an attempt to undermine their credibility.
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Oracle argued in court today that ousted chief executive Craig Conway lied about the effect of Oracle's acquisition bid on PeopleSoft's ability to recruit customers.
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PeopleSoft fired its chief executive, Craig Conway, yesterday in an unexpected twist to the firm&#39;s attempt to fend off its larger rival Oracle.
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PeopleSoft Inc.'s board fired Craig Conway as chief executive after hearing him explain why he deceived industry analysts about the business software maker's sale prospects while fighting rival Oracle Corp.'s &#36;7.7 billion takeover bid.
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October 07, 2004 - The ongoing Oracle/PeopleSoft saga has seen a change of cast. Late last week, PeopleSoft announced that it has axed CEO Craig Conway, the former Oracle exec who has helmed PeopleSoft for
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Craig Conway was fired from PeopleSoft (nasdaq: PSFT - news - people ) today, the same day the company announced that its third-quarter license revenue will be much better than expected.
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PeopleSoft Inc.&#39;s board fired Craig Conway as its chief executive after hearing him explain why he made a misleading statement about the business software maker&#39;s ability to close sales while fighting rival Oracle Corp.
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The release of the trial versions, which come on the heels of Oracleâs unexpected entry last month into the market for virtualization software, is bad news for VMware.
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The takeover fight moves to Delaware's Court of Chancery, even as PeopleSoft dismisses its CEO.
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PeopleSoft Corp. fired its chief executive Craig Conway on Friday just hours before US antitrust regulators said they would drop their case against Oracle Corp.
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Oracle Corp. goes to trial Monday on its legal bid to dismantle the dwindling takeover defenses of PeopleSoft Inc., the rival it has been attempting to acquire for 15 months.