Oracle Opens Legal Attack on PeopleSoft
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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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Oracle Corp. (ORCL.O: Quote, Profile, Research) , in the midst of a hostile takeover attempt of rival PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , on Monday raised its offer
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Software giant Oracle Corp. began its legal battle with rival PeopleSoft Inc. in Delaware Chancery Court Monday, the first of two cases expected to bring the national business media to the state&#39;s famed court of equity this month.
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NEW YORK: PeopleSoft Inc., which is trying to fight off a hostile takeover by rival Oracle Corp., on Friday said its board had ousted President and Chief Executive Craig Conway due to &quot;a loss of confidence&quot; in his ability to lead the software company.
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The former chief executive of PeopleSoft admitted today that he responded to a hostile takeover bid from Oracle with a campaign of "vilification."
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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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October 06, 2004 - The opening of a trial related to Oracle&#39;s takeover bid of PeopleSoft featured the revelation that CEO Craig Conway was fired last week for making misleading statements about PeopleSoft&#39;s sales.
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PeopleSoft will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracleâs $7.
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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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PeopleSoft's chief executive accused Oracle of spreading misleading information about his stock sales and threatened to sue for defamation.
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PeopleSoft said Thursday that it would begin meeting with investors to lobby for their rejection of Oracle&#39;s hostile $8.8 billion acquisition offer.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , which is trying to fight off a hostile takeover by rival Oracle Corp. (ORCL.O: Quote, Profile, Research) , on Friday said its board
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PeopleSoft's chief executive on Thursday said Oracle was spreading misleading information about his stock sales and he threatened to sue for defamation on the eve of the expiration of Oracle's $8.8 billion hostile tender offer.
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Inaccessible software Oracle is being taken to task in a lawsuit that complains software it sold to the state of Texas is unusable by blind employees.â¦
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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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A subdued Craig Conway admitted Wednesday that he responded to a hostile takeover bid for the company he led, PeopleSoft (PSFT), with a campaign of "vilification" aimed at Oracle (ORCL) and its chief executive, Larry Ellison.
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SAN FRANCISCO, SEPTEMBER 22: Peoplesoft Inc will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corpâs $7.