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PeopleSoft Deflects Oracle Takeover, So Far

Posted by ryuzaki0 on from the ask-again-later dept.

SuperDuG send a link to this Reuters report on the Oracle's takeover bid for PeopleSoft, specifically questioning Oracle's committment to PeopleSoft. SuperDuG writes: "A letter from CEO Craig Conway states 'Five days following our announcement we learned of a hostile bid by Oracle Corperation to acquire PeopleSoft. Incredibly, Oracle made it clear their intention was to discontinue all PeopleSoft products, ultimately forcing customers to convert to Oracle's application and database.' Seems the dirt is being slung by both sides and the SEC is about to takeover and decide if this is even legal under anti-trust laws."

1 of 153 comments (clear)

  1. BusinessWeek back cover by andy1307 · · Score: 5, Informative

    Oracle's ad on the back of BusinessWeek(which usually compares Oracle to DB2) has a promise by Oracle to continue supporting Peoplesoft products. This is the list of bullet points on the ad(i am summarizing some of the points and PS=peoplesoft) 1. We will not shutdown PeopleSoft products 2. You will not be forced to convert to Oracle E-Business suite applications 3. ..continue truly high quality, truly global customer service for peoplesoft product... 4. Extend support for PS products beyond the timeframe PS itself has committed to and into the next decade. 5. We will take no actions that reduce the functionality of your PS implementation. 6....will increase the value of your PS investment 7. If and only if you elect to do so, you may move to ORacle E-business suite via FREE module-for-module upgrades It ends by "Dont be a victim of scare tactics". The last para is interesting "Ask any customer from our RDB database acquisition from DEC. Nearly nine years later, we are still providing ...suppport...rdb customers"...