Oracle raps PeopleSoft customer refund program
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Oracle tells a judge the anti-takeover measure is unnecessary and ties the hands of a future board of directors.
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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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PeopleSoft Inc. PSFT.O on  Wednesday said its board had again unanimously rejected Oracle  Corp.'s ORCL.O $8.8 billion hostile tender offer, and Oracle  immediately appealed to PeopleSoft's shareholders, saying it  would leave the decision up to them.
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At its user conference on Wednesday, Oracle (Profile, Products, Articles) continued sending mixed messages to PeopleSoft (Profile, Products, Articles) customers concerned
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Business software maker Oracle Corp. attacked the credibility and motives of PeopleSoft Inc.'s board of directors Monday, hoping to rally investor support as the 17-month takeover battle between the bitter business software rivals nears a climactic showdown.
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San Francisco, September 2: A group of Oracle Corp shareholders can pursue a class action lawsuit that accuses the business software maker and Chief Executive Larry Ellison of covering up losses, a US appeals court said on Wednesday.
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PeopleSoft&#39;s board ousted Craig Conway as CEO after he made a misleading statement about the company&#39;s ability to recruit customers while fending off Oracle&#39;s $7.
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Company announces an extension of its customer assurance program, a contract clause offered to firms concerned about Oracle's hostile takeover bid.
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Oracle charged that PeopleSoft&#39;s ousted chief executive, Craig A. Conway, lied to analysts in telling them that the Oracle takeover bid was no longer a factor in PeopleSoft&#39;s ability to write new business.
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The former chief executive of PeopleSoft Corp., who was fired last week, said he lied to Wall Street analysts last year about the impact of Oracle Corp.'s hostile bid on the company's business.
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Redwood Shores-based software giant Oracle Corp. said in court that PeopleSoft Inc. CEO Craig Conway lied about the effects of Oracle&#39;s $7.
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The Department of Justice took Oracle to court in May, claiming that its acquisition of PeopleSoft would create a duopoly between it and market leader SAP in the enterprise applications market.
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Oracle is concerned PeopleSoft customers might abandon maintenance contracts that could help it spend more on new software products to compete with SAP AG, the world's biggest business software maker.
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NEW YORK - Hoping to lure away PeopleSoft customers nervous about Oracle's acquisition of their vendor, Microsoft is launching a migration program offering PeopleSoft customers licensing and support discounts on Microsoft's rival business applications.
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Internal e-mail messages show Oracle aimed its takeover bid in part to sow doubt about PeopleSoft, CNET News.com has learned.
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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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SAN FRANCISCO - Business software maker Oracle Corp. will do everything it can to support PeopleSoft Inc. customers, who are vital to the success of Oracle&#39;s proposed $9.2 billion takeover of PeopleSoft, Oracle