PeopleSoft's Conway maintains defiant tone
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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 (CBS.MW) -- When PeopleSoft Inc. fired Chief Executive Craig Conway on Friday, the business-software maker didn&#39;t have to look long or far to find a suitable replacement.
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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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Just two weeks after staging a defiant user conference in San Francisco , Craig Conway was ousted as CEO of PeopleSoft. Industry observers are divided on the cause: some say it was performance-related, while
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PeopleSoft Inc. said Friday it had fired CEO Craig Conway, raising the possibility that the company, which until now has fought fiercely for its independence, will succumb to Oracle Corp.
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At its user conference yesterday, Oracle continued to send out mixed messages about how it will support PeopleSoft products if it succeeds in its $9.2bn (Â£4.8bn) takeover bid for its rival.
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Oracle CEO Larry Ellison, testifying in a Delaware court as part of Oracle's efforts to get PeopleSoft to pull back anti-takeover measures, denied that his company is trying to kill off its smaller software rival.
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PeopleSoft chief executive Craig Conway wasted no time during his keynote address at the companyâs annual user conference reassuring customers that an Oracle takeover is not in its future.
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By Spencer Swartz SAN FRANCISCO  - PeopleSoft Inc. will push ahead with a new marketing alliance with IBM and other initiatives despite a recent court ruling that bolstered Oracle Corp.'s $7.7-billion hostile bid to acquire the company, PeopleSoft's CEO said on Tuesday.
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Attempts by PeopleSoft to fend off a hostile takeover by Oracle took a surprising turn Friday. PeopleSoft&#39;s board of directors fired Chief Executive Officer Craig Conway.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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PeopleSoft's CEO fires back at rival, saying it's wrong about his stock transactions. Both companies scramble ahead of Friday deadline.
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Fresh off his abrupt firing as PeopleSoft Inc.'s chief executive, an uncharacteristically subdued Craig Conway came to court Wednesday to defend his caustic counterattacks against Oracle Corp.'s &#36;7.7 billion takeover bid.
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft&#39;s board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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Oracle declined to comment on Conway&#39;s removal by PeopleSoft. But in a statement, chairman Jeff Henley said: &quot;We are now looking forward to the trial in Delaware of our claims
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A major battle is over, but the war for PeopleSoft (PSFT:Nasdaq - news - research) rages on. Executives of the business software giant continued to resist Oracle&#39;s (ORCL:Nasdaq - news - research) $9 billion
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WILMINGTON, Del. Oct. 5, 2004 - PeopleSoft Inc., which has resisted hostile takeover advances from Oracle Corp. for 16 months, is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.