PeopleSoft CEO misled analysts
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Board member testifies Conway was fired because he said Oracle&#39;s offer didn&#39;t affect business. WILMINGTON, Del.  - Former PeopleSoft Inc.
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PeopleSoft Inc. PSFT.O on Friday  said its board had ousted President and Chief Executive Craig  Conway, who has been the chief opponent of Oracle Corp.'s  ORCL.O $7.7 billion hostile bid to take over the software  company.
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NEW YORK: PeopleSoft yesterday sacked Chief Executive and president Craig Conway, citing a loss of confidence, and the software company&#39;s shares jumped on expectations that the move could pave the way for a deal with hostile bidder Oracle.
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Craig Conway, former PeopleSoft CEO, admitted he misled investors when he said people had &quot;lost interest&quot; in Oracle&#39;s bid for his company.
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PLEASANTON, Calif. - Business software maker PeopleSoft Inc. unexpectedly fired CEO Craig Conway, dumping the feisty leader who engineered the company&#39;s dogged resistance to Oracle Corp.
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NEW YORK - Soon after an Oracle Corp. director said Oracle's current $21 per share offer for control of PeopleSoft Inc. may not be its final bid, Oracle Chief Executive Officer (CEO) Larry Ellison countered that the company is as likely to lower its bid as to raise it.
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The news comes on the same day that business software maker PeopleSoft Inc. fired CEO Craig Conway, the feisty leader who engineered the company's dogged resistance to a $7.7 billion takeover bid by rival Oracle.
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No one can envy the position of PeopleSoft (Nasdaq: PSFT) executives as they enter their annual Connect user conference this week. Last year's show was dominated by speculation over Oracle's (Nasdaq: ORCL) hostile takeover bid for the company -- a prospect they hoped would be squelched by this year.
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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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LOS ANGELES (CBS.MW) -- PeopleSoft Inc., whose board has spurned repeated hostile takeover offers from Oracle Corp,. got a major boost Thursday when several analysts raised their PeopleSoft financial forecasts.
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PeopleSoft Inc. fired chief executive Craig Conway, raising the likelihood that the business-software maker may give up a 16-month fight against Oracle Corp.
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Last week's firing of Craig Conway as PeopleSoft's CEO, followed by testimony from a PeopleSoft director this week that he would be open to discussions with Oracle if the price was right, appears to have changed the dynamics between the two companies.
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WILMINGTON, Del.âOracle Corp. opened its legal attack on PeopleSoft Inc.&#39;s takeover defences yesterday with charges that ousted chief executive Craig Conway lied to Wall Street analysts about the effect
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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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PeopleSoft Inc., in the midst of fighting a takeover bid from Oracle Corp., is &quot;in better shape&quot; because of the departures of Chief Executive Craig Conway and a senior technology official, a director testified.
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Declan McCullagh has the scoop on the board room machinations that led to Craig Conway&#39;s dismissal as PeopleSoft CEO. Steven Goldby, the Symex Technologies CEO who chairs PeopleSoft&#39;s governance committee, said
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It&#39;s been a remarkably surprising October for PeopleSoft, and it isn&#39;t even Halloween yet. Last week, the company unceremoniously fired CEO Craig Conway and brought back founder Dave Duffield to take charge.