TITLE

The People (soft) V. Larry Ellison

AUTHOR(S)
Goth, Gregory
PUB. DATE
January 2005
SOURCE
Bank Technology News;Jan2005, Vol. 18 Issue 1, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article stresses that the contentious battle between Oracle and PeopleSoft was always more about money than customers. When PeopleSoft agreed December 13, 2004 to a $10.3 billion, $26.50 open-share merger with Oracle, questions quickiy emerged about how the company would operate postmerger, as well as how Oracle would put customers at ease after a grueling 18-month battle in which the two companies traded nasty remarks. Oracle president Charles Phillips told journalists in a post-merger conference call that financial services was one of the selected verticals the company had targeted as a factor in pursuing PeopleSoft. The financial services sector appears to be staying mum about the prospects of a new Oracle-PeopleSoft company
ACCESSION #
15790037

 

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