PeopleSoft&#39;s ex-CEO accepts to have misled investors
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NEW YORK, October 4  - PeopleSoft&#39;s (PSFT.NAS) former CEO, Craig Conway, has accepted to have lied when he told investors last year that Oracle&#39;s $7.
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Investors may think so, but this Fool disagrees.
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PeopleSoft is worth substantially more than $24 a share, according to its own board of directors. So saying, the board rejected Oracle&#39;s latest offer to purchase the enterprise software company.
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PeopleSoft Inc. officials said thier board of directors has ousted Craig Conway from the chief executive officer&#39;s job. Conway has been one of the company&#39;s strongest opponents of a proposed $7.
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WILMINGTON, Del.--Oracle chief executive Larry Ellison testified Friday that he and his board of directors had come close to a merger with PeopleSoft in 2000, and had expected that last year&#39;s takeover bid would have been accepted within a matter of weeks
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PeopleSoft&#39;s board ousted Craig Conway as CEO after he made a misleading statement about the company&#39;s ability to recruit customers while fending off Oracle&#39;s $7.
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HARTFORD, Connecticut  - Former executives at a reinsurance unit of billionaire Warren Buffett's Berkshire Hathaway Inc concocted a fraud that misled investors in American International Group Inc , a U.S. prosecutor told jurors on Monday.
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CEO Craig Conway&#39;s over-enthusiastic statements about the effect Oracle Corp&#39;s hostile takeover bid was having on PeopleSoft Inc&#39;s business contributed in part to his downfall, it was suggested in court yesterday.
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Former PeopleSoft chief executive Craig Conway has admitted that he lied to Wall Street analysts about the health of the business during his defence against the hostile bid from rival Oracle.
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He says he will walk away if the majority of shareholders don&#39;t themselves sell to Oracle by Nov. 19. By Rick Whiting. PeopleSoft&#39;s fate is in the hands of its shareholders.
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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 &#36;8.8 billion hostile tender offer.
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The former chief executive of PeopleSoft Corp., who was fired last week, said he lied to Wall Street analysts last year about the impact of Oracle Corp.'s hostile bid on the company's business.
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Oracle charged that PeopleSoft&#39;s ousted chief executive, Craig A. Conway, lied to analysts in telling them that the Oracle takeover bid was no longer a factor in PeopleSoft&#39;s ability to write new business.
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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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Gregory L. Reyes, the former chief executive of Brocade Communications, is accused of misleading investors by backdating stock option grants, among other things.
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A former Enron Corp. executive told a  jury on Thursday in the first Enron criminal trial that he knew  the disgraced energy company had made a bogus deal with Merrill  Lynch in order to post fraudulent profits.
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Three Royal Group Technologies (RYG.TO: Quote, Profile, Research) (RYG.N: Quote, Profile, Research) executives, including the company&#39;s founder and its chief executive, may have defrauded shareholders and creditors, Canadian