PeopleSoft Goes To Oracle
codecool writes "It is final. Peoplesoft's Board of directors finally relented and agreed to let Oracle have them for $26.50 per share. Finally, it all comes to an end." Closing date is set for mid-January timeframe.
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So, I wonder if PeopleSoft customers can take advantage of the full refunds on their software licenses that were being offered if Oracle succeeded. The article's a little short on details.
I think that it is about time this happened. Now both companies can get on about doing business. The match is a good one, and I think that both the customers and the companies will benefit. While I don't blame PS for trying to get the highest price for their stock, I think that they could have saved everyone a lot of time, money and frustration if they would have just put this one to bed a long time ago.
My
The top 4 out of 5 stories in the wsj.com site an hour back were-
Peoplesoft-Oracle.
JnJ- Guidant
Sprint-Nextel
Honeywell-Novar
London Stock Exchange- Deutsche Boerse
Lots of mergers/acquistions going on. Good for companies who want less competition. Bad for consumers.
... FYI: The total value of all the shares is 10.3 billion dollar... seriously, does Oracle really think to make $2 out of every living being on earth by acquiring Peoplesoft?
- Leon Mergen
http://www.solatis.com
Buy PeopleSoft to get a new customer base. Raise prices on PeopleSoft software to increase revenue and recover cost. Nice money if you can get it
Rus
Cheap UK and US VPS
My shop is running a massive PeopleSoft implementation. Now what? Since Oracle wants to discontinue the line I wonder how much longer they'll be offering support for it. I also have to wonder what our alternatives are going to be to replace it.
This is going to suck big time.
What will happen to the existing employees? Will Oracle retain them or not? I hope it retains them.. PeopleSoft should see to it that its employees are not fired.. What is the usual way in which these things go? Any previous cases any one?
I checked Oracle's web site. It appears that existing PeopleSoft customers have some good news out of this. After having invested millions of dollars on PeopleSoft, they won't have to immediately migrate to another ERP system:
We intend to enhance PeopleSoft 8 and develop a PeopleSoft 9 and enhance a JD Edwards 5 and develop a JD Edwards 6. We intend to immediately extend and improve support for existing JD Edwards and PeopleSoft customers worldwide.Of course, whether or not PeopleSoft version 9 is an improvement over PeopleSoft version 8 depends on how much you love your existing ERP system. Of course, I don't see anything on whether or not the new PeopleSoft version 9 will run on DB2 or SQL Server.
Oracle may be a giant but competition does many things. Keeps prices down, drives innovation to be better than the alternative, etc. With peoplesoft not the competition, who will be Oracles competition? If there is no other big dog out there then the customer will loose.
Without competition, then there is no reason to get better and what sets the price.
Evolution or ID?
if a merger is vertical it tends to lower costs and is thus good for the consumer. arguably oracle/peoplesoft is vertical.
you are thinking of horizontal mergers. with the exception of JnJ- Guidant, and Sprint-Nextel (which i know little about), none of those listed are horizontal.
i'm trying to give up sigs.
And don't forget the most important one: Molson's and Coor's .... this is far scarrier than Peoplesoft and Oracle!!!!
Infact they make much more then that. ERP is lucrative business - believe me. I've been working on these systems for 6+ years now.
When i worked for Oracle - even the most basic project was a 2-5 million dollar project and that was before montly/yearly support plans and extended consulting fees.
There is money to be made, but also technology to be learned from. Peoplesoft has its HR roots and JD Edwards has its MRP/Manufacturing roots that oracle could learn tons from.
Consolidation proceeds growth. There are mergers all over the place, not just high tech. Large cap stocks are going to have a good year in '05, and corporate spending is going to increase tangibly, especially on technology. Large caps are big stable companies that spend lots of money and hire lots of people.
Since Oracle's stated goal was to simply buy PeopleSoft to destroy their product line (something which I still can't believe the judge is letting them get away with), wasn't there a poison pill that if Oracle discontinued their product they'd be liable to refund every customer in full? What happened to that?
After you have gone through a few of those, you'll come to realize the value of open source. People didn't use to think this was possible for OS'es or GUIs, but it turned out it was. They said open source wasn't reliable enough or secure enough or whatever, but they were wrong. And, yes, it is possible for the kinds of products PeopleSoft used to make as well.
Maybe your company and a bunch of other companies should get together and start working on an open source version of PeopleSoft's software. The good thing is that you don't have any legacy headaches and that you have great tools to work with.
Peoplesoft and IBM recently penned a strategic alliance to resell and promote each others' products. So I guess this will begoing the way of the dodo. Or will it? Will the contract language leave Oracle in the embarrassing position of promoting DB2 as the preferred database platform for Peoplesoft and JD Edwards?
I'm also wondering, long-term, about support from Oracle for Peoplsoft on platforms other than Oracle. Will Oracle support Peoplesoft on Oracle, Oracle, and Oracle? My understanding that most Peoplesoft implementations were historically SQL Server with the new preferred platform being DB2. if that changes again it'd be BIG headaches for DB2 customers...
Wanted: One witty yet thought provoking
If you merge, the biggest thing you buy is the other guys customers. If Oracle hangs you out to dry, you can just as well move to SAP. That would be money straight out of the window for Oracle. So expect a super soft and cuddely migration, spread over several years...
10 ?"Hello World" life was simple then
Our company has been eagerly waiting for this merger. We completed a merger ourselves, last year.
It gave us the benefit of having both Oracle and PeopleSoft experts/consultants.
How many people work in a shop, that primarily uses Oracle? We use Oracle for the database, JDeveloper for the IDE (working on getting us to switch to Eclipse), Oracle Forms and now Oracle Portal.
I'm in charge of getting our Java environment up and running and moving us from PHP web application development, to Java. PHP may still be used for smaller applications, but Java will take over for the larger projects we now have coming in.
A few people want to use JDeveloper for the IDE, Oracle App Server for the Java server, and ADF for the architecture, and then of course Oracle for the db. Which I'm in total disagreement with, as it's putting to many of our eggs in one basket.
I'm fine with Oracle as our database (we also use postgreSQL). And can live with using JDeveloper for our IDE. (as I said, trying to get Eclipse). But I would much rather use JBoss or Tomcat for the app server and no way am I using ADF for the architecture. Spring Framework, all the way.
Josh
Oh. Disclaimer time. Yes, I am an IBMer. And yes, I do work with DB2. And no, I'm not FUDing - I am speaking personally here. While the Oracle deal may or may not have a minimal impact on me and my job, my main concern is that the little guy may get the shaft here based on on some of Larry Ellison's verbal excretions back in 2003, indicating that they were more interested in the customer base than the product.
Wanted: One witty yet thought provoking
It is interesting to note that the press release on PSFT's website mentions the value of the merger to the stockholders but makes absolutely no mention about the impact/value to its own customers. I guess the old saying is true... if you can't say anything nice, don't say anything at all.
At least Oracle and PeopleSoft will look good on my resume... at the very least/worst, they'll cancel each other out.
I know it is offtopic, but from that perspective, Saddam Hussein stole $4 from every man woman and child on the planet, and for some people $4 is a week or a month's pay. Since he stole it from the U.N. ...he really did steal it from everyone.
I have a friend who used to work for oracle, but quit because she didn't like it and now works for peoplesoft. She can't get away! ahhh!
...spike
Ewwwwww, coconut...
Doesn't this require shareholder approval first? What if someone came along with a better offer?
have you seen US currency exchange rates we are being hammered.
If oracle made products that where affordable then they wouldnt be able to buy peoplesoft.
Got a question about UNIX ask it here : Unix/xBSD Forum
Is to wait it out, since any move will cost you a lot of cash, both hard cash and time..
Most likely oracle will let people migrate to what ever they come up with when the 2 products are merged. And most likely most will choose that route.
Not that i like oracles products, but once you spend several million to get PS running, you really dont have much of a choice realistically..
---- Booth was a patriot ----
The press release says nothing about PSFT (now ORCL) having to promote DB2. It's IBM that's promoting DB2 as the database of choice for PSFT. I highly doubt that the contract says anything about PSFT promoting DB2. At best, it might specify that PSFT has to remain compatible with DB2 for a specified period of time, but even that's unlikely. I'd bet that 90% of the contract is about how to divvy up the revenue from joint sales.
These types of "strategic alliances" are ordinary in the enterprise software industry and mean very little. Companies typically have them with just about every other company in the space except for direct competitors. This one will go the way of the dodo eventually, but it wasn't much to begin with.
"There is great disorder under heaven, and the situation is excellent."
-- Old Chinese proverb
Maybe it won't suck. Keep in mind that there's going to be turmoil, and turmoil creates opportunities for the geeks who maintain these systems (I assume that you're one of the above, since you're posting on Slashdot).
Maybe you'll have to learn Oracle. Maybe there'll be massive retraining. Maybe you'll have to rip everything out and start over. This would be a good time to ask for a raise.
The consulting gravy train will be significantly lengthened by Oracle's discontinuing of PeopleSoft, or even appearing to be thinking about it. Dweebs with HRIS implementation skills, who are flexible, will see demand for their services increase.
Never attribute to malice that which can be explained by mere idiocy.
"Thanks to the remote control I have the attention span of a gerbil."
In Korea, only old people acquire Peoplesoft :D
Contrary to a bunch of the people here, I think it's nice that we can get more consolidation. The sooner we get it down to 2 or 3 gigantic competitors, the sooner more small people can start up and fill the gaps.
Assuming they aren't stifled by the big people already in place. Oh well. Good luck, new startup companies!
If there are any.
I'm sure there'll be at least one.
Against stupidity the Gods themselves contend in vain.
From the Computer World article: "After careful consideration, PeopleSoft's board decided that Oracle's latest offer provides good value for PeopleSoft's stockholders, the company said. The agreement ends a long, emotional struggle, it said."
I hate it when execs say things like this, because they don't mean a word of it. What they really mean is, "After careful consideration, PeopleSoft's board decided that they would make a hell of a lot of money, and screw the little guys -- like customers, employees, etc."
Oracle wants nothing with PeopleSoft except to destroy it utterly. They don't want any competition in the marketplace, and PeopleSoft is their only competition. Ellison, the madman, said so himself way back at the beginning of this fiasco.
My father-in-law and a very good friend of mine are both software consultants for PeopleSoft. They may get to keep their jobs, since Oracle doesn't currently have a CRM product, but I expect they're both going to be looking for work before 2005 is done with.
Simply more proof that the world is going to hell.
-- The reason it's called the right wing? Irony.
"We intend to immediately extend and improve support for existing JD Edwards and PeopleSoft customers worldwide. "
....End of response.
If this is the same type of support Oracle supplies to their own customers, look out.
Oracle's Metalink support for products other than the flagship database is quite poor. I've been working with Oracle Application Server for two years, and I've seen simple questions go two to four weeks without an update. They have absolutely decimated Oracle Support over the past few years. The dummy factor there is outrageous, and their people function at the level of Wal Mart associates.
It appears that the only people who survive working there are the B.S. artists. My favorite response from an Oracle Support person is when I complained on Metalink that my TAR had not been updated in seven days. Full Reponse: "It's only been SIX days."
Good luck Peoplesoft and J.D. Edwards customers...
Indiana University switched over to a peoplesoft solution this year and it is the biggest steaming pile of crap I've ever seen. registering for classes is an arcane practice at best now. When it was first rolled out you couldn't look up a class by it's name or the department it was in but an obscure numerical code that had no relationship to the course number. I and several other people were on a waitlist to get into a course and only by accident a week before classes started one of us noticed there were spaces in the class, and yet we were all still on the waitlist and none of us had been notified.
There have also been cases where students didn't get their loan checks and I have experienced numerous times when the system, even when not under heavy load, has said i am not logged in right in the middle of doing something or said i didn't have permission to access something even though it is my records and the classes I am teaching as a grad student.
To top it all off, it is a web portal with a million links and buttons and tabs just like the web portals back in '99 that were really cool and then crashed and burned.
I can't imagine that Oracle could make things any worse.
http://www.popularculturegaming.com -- my blog about the culture of videogame players
The match is a good one, and I think that both the customers and the companies will benefit.
Oracle is in the business of selling Relational Databases [RDBs]. Unfortunately, with competition from DB2/Informix, SQLServer, Sybase, Ingres, MySQL, Postgres, and a myriad of tiny little database vendors you've never heard of [Progress/ObjectStore, Intersystems/Cache, Versant/POET, Objectivity, etc], the database end of things is rapidly becoming little more than a commodity.
Increasingly, the profit is in the middleware & the front ends, where the business logic and the "schema" reside. Oracle is rather weak in those areas, hence its desire to subsume whatever logic/schema template vendors [and customer bases married to those templates] that it can get its grubby little hands on.
The problem is that most of Oracle's channel is pursuing the very same market, so that Oracle has, in effect, declared war on its own channel. And the road to business hell is paved with the skeletons of enterprises that thought they could screw the channel and get away with it.
Ever wonder why you can only order a Coca-Cola in a restaurant? Ie: Why is it that you can never find Pepsi products when you go out to eat? Setting aside the fact that Coke might have a better sales staff, a better management team, and a better product at a better price, the reason is that PepsiCo declared war on their channel when they purchased Kentucky Fried Chicken, Taco Bell, and Pizza Hut.
And you know what the channel - from the little Mom-n-Pop restaurants down the street, all the way to the global oligopolies, like McDonald's & Burger King - had to say in response?
SCREW YOU, PEPSICO!!!
Larry Ellison, you have been forewarned...
... and post corroborating links if you have 'em. I remember hearing Ellison say this in 2003, and I remember thinking that there was no way in hell this takeover would fly:
1) The PSFT board would fight like hell (they did),
2) the justice Dept. would step in (they did, and lost),
3) the EU would kibosh it (they didn't).
I guess they're handing sweaters out in hades today.
Wanted: One witty yet thought provoking
One of the toughest job markets in the world just got about 10,000 people tougher. In my opinion this is a very sad day.
...so maybe with Oracle, we can finally have Peoplesoft SW that doesn't suck quite so horribly, ghastly, insanely bad?
The funny thing is, in my PeopleSoft training classes, the instructors all loathed Larry Ellison, yet 90% of the students' companies (mine included) used Oracle databases with their PeopleSoft HR installations. To me, it's a winning combination (not that either product is perfect, of course).
:(
The "Good" Larry Ellison would keep/enhance PeopleSoft's HR products, scrap Oracle's inferior apps, and retain support for other database platforms. "Evil" Larry Ellison would force PeopleSoft customers to switch to Oracle HR and only allow them to use Oracle's database with it. Will good triumph over evil? I am not holding my breath
I believe the JDE software that Oracle wants to keep is the OneWorld - which is PC server based and rarely works. I am curious what happens to the World software (runs on IBM iSeries). Considering how much money my company dumped on it this is going to decide some things for us.
Hopefully we will ditch it soon, we are 4+ years in and only deployed at 2 out of 55 locations. Can you say "software doesn't fit us"?
I still see this buy as a customer buy.
* Winners compare their achievements to their goals, losers compare theirs to that of others.
Hopefully the payment predictor will get address. I have never seen a program so badly coded. I would hope that 8000 transactions would get processed in a 12 hour batch window.
"We intend to immediately extend and improve support for existing JD Edwards and PeopleSoft customers worldwide. " If this is the same type of support Oracle supplies to their own customers, look out. Oracle's Metalink support for products other than the flagship database is quite poor. I've been working with Oracle Application Server for two years, and I've seen simple questions go two to four weeks without resolution, and easily go a week or so without updates. They have absolutely decimated Oracle Support over the past few years. The dummy factor there is outrageous, and their people function at the level of Wal Mart associates. It appears that the only people who survive working there are the B.S. artists. My favorite response from an Oracle Support person is when I complained on Metalink that my TAR had not been updated in seven days. Full Reponse: "It's only been SIX days." ....End of response.
Good luck Peoplesoft and J.D. Edwards customers...
Welcome to the null support zone.
And I totally agree.
ich bin der musikant
mit taschenrechner in der hand
kraftwerk
As a shareholder of several companies, management that can display the ability to weaken competition and increase profits is what I first look for.
I guess some of you guys aren't old enough to have money in the markets yet to understand that.
..for all you unemployed geinii out there. Two huge companies that produce shitty user experiences are becoming one huge company. What d'you think is going to happen to user experience? Time to put together a team, set sights on a vertical market and take that fucker away from them.
Same Oracle that thinks China's governmental censorship is A-OK?
Yes, yes, Microsoft, Google, blahblahblah. Are Microsoft, Google, et al pushing hardcore for a National ID card?
[o]_O
How many programmers out there will say "Huh, I don't like this PeopleSpft stuff, I will write my own ERP software!"?
That's not how OSS works.
How it works is that some small-to-medium company says "we only need a simple ERP system and we are tired of paying big bucks or getting jerked around by our vendor, we can so something simple ourselves". Then, that company discovers that maintenance gets cheaper when they release it open source. Then, other companies start adding features.
Programmers do the work for the same reason they always have: they get paid for it.
It was obvious from the beginning that Oracle would win this. Not that I'm on Oracle's side. Actually, I am quite opposed to Oracle.
Oracle is the suxx0rz.
This is because that dude who's in charge of Oracle wanted to do all kinds of evil things, like issue federal ID cards to everybody, and stuff like that. This is evil because it allows the government to track you and stuff. But he didn't care, because it would mean profits for his company.
In other words, chip away at American freedoms by making it yet easier for the government to control you; all that for a little bit of temporary profits by one greedy corporation.
That is why I *H*A*T*E* Oracle.
Oracle is the suxx0rz.
I was hoping that PeopleSoft would win this, not only to give Oracle the finger, but also to make sure that there is enough competition in the industry. If Oracle can buy everybody out, then it will have too much power as an organization. All we need is Oracle to buy all the database and business software vendors out there, and then Microsoft to buy Oracle, and that will mean that Microsoft will control our lives until we die.
Microsoft is the suxx0rz, too.
... will find it tougher and tougher to find work soon. The problem is that Peoplesoft's system is nothing like Oracle's and managers aren't going to care how much experience they have if they don't have that Oracle ERP experience. Consulting in the ERP sector is TOUGH business. You spend thousands and thousands of dollars on training, get categorized based on what version number of the software you've worked on, and now, there will be a huge number of extra workers who will flood the Oracle market. This is going to lower the rates for Oracle consultants, which were already some of the lowest in the ERP sector and considerably lower than SAP's. You can get a year's worth of training at Oracle University on virtually their entire software library for a few hundred bucks.
If what I'm reading has been correct...
* PeopleSoft will vanish, as Oracle wanted to eliminate their software.
* Thousands of employees here in the Bay Area will lose their jobs
* The PeopleSoft execs will walk away with "golden parachutes" valued in the millions.
* The shareholders will profit.
Employees lose. Customers lose. How lovely.
Former JD Edwards employees can take a look at JdeAlumni.org
http://shit.slashdot.org/article.pl?sid=04/12/13/1 237248
PeopleSoft also runs over Oracle 8i. Just ask the entire California State University system.
Since I know Oracle, now I can update my resume to say that I know Peoplesoft as well, since they are the same company.
Funny how the London Stock Exchange- Deutsche Boerse merger will be called "iX".
Today, the boerse, tomorrow, the genome...
And what did Pepsi say in return?
"As if we care".
Just compare Pepsi vs Coca Cola stock price
<^>_<(ô ô)>_<^>
It is official; Slashdot confirms: PeopleSoft is being eaten!
One more crippling bombshell hit the already beleaguered PeopleSoft community when IDC confirmed that PeopleSoft market share has dropped yet again, now down to less than a fraction of 1 percent of all servers. Coming on the heels of a recent Slashdot poll which plainly states that PeopleSoft has lost more market share, this news serves to reinforce what we've known all along. PeopleSoft is being swallowed by Oracle, as fittingly exemplified by failing dead last in the recent Sys Admin comprehensive database test.
You don't need to be a Kreskin to predict PeopleSoft's future. The hand writing is on the wall: PeopleSoft faces a bleak future. In fact there won't be any future at all for PeopleSoft because PeopleSoft is being eaten. Things are looking very bad for PeopleSoft. As many of us are already aware, PeopleSoft continues to lose market share. Red ink flows like a river of blood.
PeopleSoft Enterprise is the most endangered of them all, having lost 93% of its core developers. The sudden and unpleasant departures of long time PeopleSoft Enterprise developers Jordan Hubbard and Mike Smith only serve to underscore the point more clearly. There can no longer be any doubt: PeopleSoft Enterprise is dying.
Let's keep to the facts and look at the numbers.
PeopleSoft EnterpriseOne leader Theo states that there are 7000 users of PeopleSoft EnterpriseOne. How many users of dbase are there? Let's see. The number of PeopleSoft EnterpriseOne versus dbase posts on Usenet is roughly in ratio of 5 to 1. Therefore there are about 7000/5 = 1400 dbase users. DB2 posts on Usenet are about half of the volume of dbase posts. Therefore there are about 700 users of DB2. A recent article put PeopleSoft Enterprise at about 80 percent of the PeopleSoft market. Therefore there are (7000+1400+700)*4 = 36400 PeopleSoft Enterprise users. This is consistent with the number of PeopleSoft Enterprise Usenet posts.
Due to the troubles of Walnut Creek, abysmal sales and so on, PeopleSoft Enterprise went out of business and was taken over by IBM who sell another troubled OS. Now IBM is also dead, its corpse turned over to yet another charnel house.
All major surveys show that PeopleSoft has steadily declined in market share. PeopleSoft is very sick and its long term survival prospects are very dim. If PeopleSoft is to survive at all it will be among database dilettante dabblers. PeopleSoft continues to decay. Nothing short of a miracle could save it at this point in time. For all practical purposes, PeopleSoft is dead.
Fact: PeopleSoft is dying.
Is Capitalism Good for the Poor?
That's the Oracle theme for their Linux product.
Glad to know that Linux breaks so much that Oracle, AKA "the guys in the white hats," has to save the day by fixing it.
It's a brilliant piece of marketing. Exactly the message we wnat communicated to all those non-Linux users out there.
Bet they'll be just as savvy with their new Peoplesoft chums.
Accpacc, Great Plains, and Peachtree are accounting packages; I don't see how they compare to SAP or Peoplesoft. In fact, many organizations probably need the non-accounting functionality of SAP or Peoplesoft more urgently than the accounting stuff, since they probably already have accounting solutions in place that they trust.
My company just made the agonizing move from a VAX database that's been stable for a few decades, over to PeopleSoft.
A coworker then asked to have one phrase, on one form his department has to send out to clients, changed to boldface -- which used to be done effortlessly.
Now, he's been quoted an estimate, non-binding, that it will take six hours of Programmer Time (capitalized) at $200/hour (now we know WHY it's capitalized!) to make that change.
So, how does Oracle handle this kind of request?
Coke is KO.
Coke Bottling is COKE.
PepsiCo is PEP.
Pepsi Bottling is PBG.
You want KO & PEP, not KO & PBG.
Also, PepsiCo's venture into the restaurant biz occurred in the 1970s [before many /.ers were born], and PepsiCo exited the restaurant biz in 1997:
If you look at the correct Yahoo graph [going back to about 1978], you will see that, in the mid- to late-nineties, when the stock market was booming, Coke had increased by almost 6000%, whereas PepsiCo had increased by only about 3000%, and the peak disparity was circa January of 1998, just after PepsiCo had divested themselves of the restaurant businesses.
More recently, PepsiCo appears to have caught and even surpassed Coke, but that only starts to occur circa 2001-2003, about 4-6 years AFTER the divestiture, i.e. about 4-6 years AFTER PepsiCo made peace with the channel.