PeopleSoft Ousts CEO Amid Oracle Battle
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SAN FRANCISCO/NEW YORK  - PeopleSoft Corp.  PSFT.O fired its chief executive Craig Conway on Friday just  hours before U.S. antitrust regulators said they would drop  their case against Oracle Corp.'s ORCL.O $7.7 billion hostile  bid for its software rival.
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Craig Conway has been fired as chief executive officer of business software maker PeopleSoft, Inc., of Pleasanton. The firing &quot;resulted from a loss of confidence in Mr.
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Oracle Corp. has taken control of PeopleSoft Inc. , ending an 18-month fight and making Oracle the world's number two maker of business management software.
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PeopleSoft (PSFT) CEO Craig Conway isn&#39;t about to go down without a fight in his company&#39;s takeover tussle with rival Oracle (ORCL).
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In Oct 1 story headlined &quot;PeopleSoft Ousts CEO Amid Oracle Battle,&quot; please read in paragraph 16 ... originally offering $16 a share ... instead of ... originally offering $19.50 a share ... By Michael Kahn and Martha Graybow.
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PeopleSoft Inc. agreed to be bought by Oracle Corp. for $10.3 billion, giving up an 18-month battle that pitted PeopleSoft against its shareholders, drove away customers and led to the ouster of its chief executive.
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PeopleSoft's board might have finally blinked. The business-software maker, facing a 16-month takeover siege from rival Oracle, has canned the CEO who bitterly opposed the deal and lost crucial regulatory support in its bid to stay independent.
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Within two weeks of the firing of chief executive officer Craig Conway, business applications supplier PeopleSoft has seen the departure of another top executive, Ram Gupta, senior vice-president of products and technology.
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PeopleSoft fired its chief executive, Craig Conway, yesterday in an unexpected twist to the firm&#39;s attempt to fend off its larger rival Oracle.
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The software giant, which is currently trying to fend off a hostile bid from rival Oracle, sacks chief executive and president Craig Conway.
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PeopleSoft Inc. PSFT.O, which is  trying to fight off a hostile takeover by rival Oracle Corp.  ORCL.O, on Friday said its board had ousted President and  Chief Executive Craig Conway due to "a loss of confidence" in  his ability to lead the software company.
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David Duffield has resigned as PeopleSoft's chief executive officer and chairman less than three months after taking over again as CEO at the company he founded and which is in the process of being acquired by rival Oracle.
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PeopleSoft said Friday that it had fired its chief executive, Craig Conway, a move that some analysts said raised the likelihood that the maker of business software would give up its 16-month fight against Oracle&#39;s $7.
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PeopleSoft Inc.  on Tuesday said Chief Executive and Chairman Dave Duffield has resigned from the business software maker, which agreed to a &#36;10.3 billion buyout by rival Oracle Corp.  earlier this month.
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In a surprise move, the business software maker fired CEO Craig Conway Friday, saying it has has lost confidence in the feisty leader who engineered the company's dogged resistance to a takeover bid by rival Oracle Corp.
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Less than a month after a federal court ruled that Oracle could pursue its hostile takeover of PeopleSoft, and almost immediately after PeopleSoft on Friday fired Craig Conway, its chief executive, the skirmish between the two companies is shifting to a
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In NEW YORK story headlined "PeopleSoft ousts CEO amid  battle with Oracle," please read in paragraph 5, "Oracle  launched its surprise takeover bid in June 2003" ... instead of  "PeopleSoft launched .. )