Oracle seeks to ease PeopleSoft customer jitters
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com December 20, 2004, 5:36 PM PT. Oracle appears to be putting its money where its mouth is after sealing its merger with PeopleSoft last week--acting quickly to reassure uncertain new customers of its good intentions.
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Oracle dislikes what PeopleSoft is doing, but it's still buying.
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Some users and analysts fear that Oracle&#8217;s planned $3.3 billion purchase of Hyperion will cut the negotiating leverage of customers and result in a decrease in product upgrades.
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Oracle Corp. on Monday again  asked PeopleSoft Inc.'s board of directors to rescind an  anti-takeover provision, as the two business software makers  prepared to return to court this week to address one of the  final barriers to the $9.2-billion takeover bid.
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WILMINGTON, Del.  - PeopleSoft Inc.'s PSFT.O  chief financial officer on Wednesday said the company's  customer assurance program might not force liabilities on  Oracle Corp. ORCL.O if its $7.7 billion takeover bid  succeeds.
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Software maker Oracle Corp.  on Wednesday said it will let PeopleSoft Inc.  shareholders decide for themselves whether to accept Oracle's &#36;8.8 billion hostile takeover bid after learning that PeopleSoft's board of directors will reject it.
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Oracle president Charles claimed that PeopleSoft customers would be able to take advantage of Oracle&#39;s global reach for better support and development prospects if its controversial hostile takeover bid succeeds.
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Oracle&#39;s hostile takeover bid for PeopleSoft has fueled negative perceptions of the software company among corporate computer buyers, which could sap demand for its products, according to a report published on Wednesday.
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NEW YORK, October 12  - PeopleSoft Inc (PSFT.NAS) has extended a money-back guarantee programme for its customers, aimed at protecting the customers&#39; interests in the event of the company&#39;s takeover by Oracle Corporation (ORCL).
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SAN FRANCISCO - With 15,000 attendees at PeopleSoft Inc.'s Connect user show waiting to hear how the company would address Oracle Corp.'s lingering hostile takeover bid, PeopleSoft Chief Executive Officer Craig Conway tackled the issue early in his opening keynote on Tuesday.
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- SAN FRANCISCO  - Oracle Corp. Friday said a majority of PeopleSoft Inc. shares have been tendered for its $24-a-share offer, strengthening Oracle&#39;s
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Oracle Corp. on Monday again asked PeopleSoft Inc.&#39;s board of directors to rescind an anti-takeover provision, as the two business software makers prepared to return
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PeopleSoft Inc.'s  chief financial officer on Wednesday said the company's customer assurance program might not force liabilities on Oracle Corp.  if its &#36;7.7 billion takeover bid succeeds.
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Oracle may be celebrating its long-awaited union with PeopleSoft, but a day after the landmark deal not everyone is happy. Among the people likely to be looking at the $10.3 billion merger with some trepidation
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Software maker PeopleSoft is girding itself for a proxy battle as part of its 17-month takeover battle with Oracle, indicating it fears its shareholders are tempted to sell to its rival.
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At its user conference on Wednesday, Oracle continued sending mixed messages to PeopleSoft customers concerned about how Oracle will support their products if it succeeds in its $9.2 billion takeover bid.
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Oracle said that it was at an impasse with PeopleSoft Inc., signaling that the two software makers will wage a proxy battle.