Oracle, PeopleSoft CEOs File Depositions

Monday May 24th 2004 by Staff

Ellison and Conway answer their subpoenas, as lawyers for third-party rivals haggle over releasing sensitive corporate documents.


SAN FRANCISCO -- The chief executive officers of Oracle (Quote, Chart) and PeopleSoft (Quote, Chart) will answer questions about the controversial hostile takeover bid before the weekend is through, officials with both companies said during court proceedings here Friday.

The U.S. Department of Justice and ten states want to block Oracle's unsolicited plans to acquire PeopleSoft, arguing that the merger between two major enterprise software providers would be anti-competitive and limit customers' choices. Oracle is fighting to thwart the DoJ's stance. The trial begins on June 7 and is expected to last six weeks.

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