PeopleSoft board amends $2 billion customer rebate program
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PeopleSoft Inc.&#39;s board voted on Oct. 11 to change its controversial customer protection program to help it pass muster in a Delaware court battle with would-be acquirer, Oracle Corp.
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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.
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The spate of Âaward calculations,Â as the rebuilding program calls them, represents a big increase from early last month, when fewer than 2,000 families had been told how much they were eligible to receive.
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PeopleSoft&#39;s board knew that CEO Craig Conway had erred in his comments, so it filed a corrected version of the meeting transcript with the Securities and Exchange Commission.
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NEW YORK: PeopleSoft Inc, fresh from firing its chief executive amid a hostile takeover bid from Oracle Corp, said yesterday that quarterly revenue would exceed Wall Street&#39;s expectations helped by an increase in customers making larger orders for its
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to rescind an anti-takeover provision, two days after a majority of PeopleSoft shareholders tendered their
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Oracle Corp. (ORCL.O: Quote, Profile, Research) Chief Executive Larry Ellison said on Friday his company has talked about revising its current $21-per-share offer to buy rival PeopleSoft Inc.
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SAN FRANCISCO -- Business software maker Oracle Corp. said on Thursday it extended again its $7.7 billion hostile tender offer for PeopleSoft Inc.
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PeopleSoft Inc. unveiled a new incentive program on Wednesday offering customers free upgrade assistance and a credit toward new purchases, an initiative the company hopes will spark sales and encourage customers to move to its latest releases.
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BMC Software has released a new version of Patrol for PeopleSoft 2.0 that allows companies to centrally manage PeopleSoft users, transactions, jobs, SQL requests, and business processes.
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Oracle Corp. sent yet another letter to PeopleSoft Inc.&#39;s board of directors on Monday morning, pointing out that a majority of PeopleSoft&#39;s owners are prepared to sell at $24 per share and requesting once
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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 target adds $2.6 million to bottom line after tax adjustment related to ex-CEO's severance package.
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Oracle raised its hostile tender offer for PeopleSoft today to $24 a share from $21 a share. The higher bid, which values Peoplesoft at $9.
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PeopleSoft's NOW program, unveiled this week at Connect 2004, will allow World, Enterprise and EnterpriseOne customers a free technical upgrade, management services and training.
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Oracle Corp. on Monday raised its hostile bid for Peoplesoft Inc. to $9.2 billion, a 14 percent increase over its earlier $7.7 billion bid, which it called its &quot;best and final offer&quot; in the 17-month saga.
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Software maker PeopleSoft Inc. of Pleasanton has modified the cash severance benefits and paid health benefits for terminated employees, according to documents filed with the Securities and Exchange Commission.