Oracle Holds Second Town Hall Meeting

Thursday Sep 4th 2003 by Staff

Round two reveals precious little more about the plan to take over PeopleSoft except that Oracle will take a 'wait and see' approach to supporting JD Edwards' software.


For the second time in less than two months, Oracle (Quote, Company Info) held a Town Hall meeting to quell the fears of PeopleSoft (Quote, Company Info) shareholders who are concerned about the database giant's hostile takeover plans.

The Redwood Shores, Calif.-based firm is currently offering $7.5 billion for both Pleasanton, Calif.-based PeopleSoft and J.D. Edwards, which it fully acquired late last month. The Department of Justice is undergoing an antitrust review of Oracle's proposal.

Company executive Vice Presidents Chuck Phillips and Mike Rocha again sat in the hot seat Wednesday reading and answering about two-dozen questions sent via e-mail or on submitted during the webcast.

The pair reaffirmed that Oracle would have no problem supporting the two latest versions of PeopleSoft software, sustaining its customer relationships or honoring its current contracts. Oracle's integration roadmap was called into question when PeopleSoft supporters accused its rival's campaign as nothing short of "misleading."

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