|By Java News Desk||
|July 1, 2004 12:00 AM EDT||
"We thought the only way we could survive and prosper was through an acquisition strategy," Ellison testified before the crowded courtroom in San Francisco. "Oracle had to consider a strategy we had never considered before. If we wanted to survive and grow," the company decided, "we will have to start an acquisition strategy. PeopleSoft was on top of the list." Oracle had considered takeover of other companies, including BEA, Siebel Systems, and Business Objects, but focused on PeopleSoft because it had the largest number of customers.
Ellison denied that Oracle's intent was to harm its rival PeopleSoft by creating confusion with a hostile bid. If the merger does not go through, said Ellison, "We would have wasted a tremendous amount of money and time. It would have been a big mistake."
Ellison affirmed that Oracle was trying to acquire PeopleSoft's customer base, not its technology, as an enlarged customer base would encourage Oracle's development of improved and lower-priced products. "This is not about PeopleSoft or its technology. It's about buying customers. He (Ellison) was very blunt about that," commented Justice Department lawyer Renata Hesse. The U.S. Department of Justice has tried to block the takeover, which it claims is anti-competitive, would result in higher prices, and would stifle innovation.
Ellison testified that Oracle's earlier merger attempts with PeopleSoft failed because PeopleSoft CEO Craig Conway wanted to head up the new company. PeopleSoft claims that the deal collapsed because Oracle wanted its business applications to run only on Oracle database products, which was unsatisfactory to PeopleSoft. Final arguments in the trial are scheduled for July 20.
|Bill Gates 07/02/04 08:41:37 AM EDT|
Ha Ha Ha, give e''m hell Larry o''l buddy...
- Innodisk | Efficiencies for Cloud Hardware at Cloud Expo New York
- Join Gartner, IBM, + AWS at AppSphere and save $200 when you register in August!
- In 2014 Big Data Investments Will Account for Nearly $30 Billion - Eventually Accounting for $76 Billion by 2020 End
- Global Cloud Security Market Growing at 15.7% CAGR to 2020: Forecast & Analysis in Research Report Available at ReportsnReports.com
- Video: DevOps and Security
- Worldwide Indoor Location Market Growing at 46.0% CAGR to 2019 Says a New Research Report Available at RnRMarketResearch.com
- Flexera Software's InstallAnywhere 2014 Simplifies Multi-Platform Installation for Physical, Virtual and Cloud Environments
- Mobility News Weekly – Week of August 3, 2014
- Searchmetrics Drives Over 200% World-Wide Growth As More Business Leaders Begin To Recognize The Value Of Search
- Mobility News Weekly – Week of August 17, 2014
- Digital Transformation's Impact on Enterprise Mobility and App Design Strategies
- Web Analytics Market by Solution (Search Engine Tracking & Ranking, Heat Map Analytics, Marketing Automation, Behavior Based Targeting) & by Services (Professional Services, Support & Maintenance) - Worldwide Forecasts & Analysis (2014 - 2019)
- Mobile Commerce News Weekly – Week of August 3, 2014
- Red Hat To Present At Internet of @ThingsExpo
- Mobile Cyber Security News Weekly – Week of August 10, 2014
- Where Are RIA Technologies Headed in 2008?
- Dolphin Announces Open API With Over 50 Add-ons Including Dropbox and Wikipedia
- Cloud People: A Who's Who of Cloud Computing
- 21st century Modern Alarm systems continue to play a key role in various institutions and industries
- SEO/SEM Tips & Tricks: How and When Should You Submit Your Website to Google?
- Cloud Expo 2011 East To Attract 10,000 Delegates and 200 Exhibitors
- Tips For Press Releases in Reputation Management from Industry Veteran Brandon Hopkins
- Yahoo! to Keynote 4th Cloud Expo: Accelerating Innovation with Cloud Computing
- Google Version 2.0: Googzilla - The Calculating Predator
- ManageWP Powers Over 100,000 WordPress Sites Within Three Months of Launch
- Ulitzer’s Amazing First 30 Days in Public Beta
- Google's Competitive Advantage: It Leverages "The Power of Free"
- Ulitzer vs. Ning - a Quick Review
- AOL To Enhance Video Search Engine by Adding RSS Feeds
- Confessions of a Ulitzer Addict