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OK, Now What's Oracle Gonna Do?

OK, Now What's Oracle Gonna Do?

On Monday the Justice Department blessed the PeopleSoft-JD Edwards acquisition deal by giving the pair an early escape from the normal Hart-Scott-Rodino waiting period. With that reprieve in its pocket, PeopleSoft expected its $1.8 billion acquisition of JDE to be completed at 12 midnight Thursday, seriously complicating Oracle's life. Within minutes of the PeopleSoft-JDE-DOJ announcement Monday, Oracle put out one of its own reaffirming yet again its commitment to acquiring PeopleSoft "with or without JD Edwards," and extending its tender offer a second time from Friday July 18 to Friday August 15. It's expected that if Oracle means what it says it's going to have to up its $6.3 billion, $19.50-a-share bid to encompass JD Edwards, a bit of baggage Oracle was never much interested in. Oracle said that at the close of business Friday July 11 43.8 million PeopleSoft shares had been tendered to it, representing roughly 14% of the company, indicating it's slow going. Gartner is telling people they can't sit around waiting to see what happens, that they have to assess their tolerance for risk, place a bet on whether Oracle will complete the PeopleSoft acquisition and "take specific action based on where you are in the application life cycle. Gartner figures "this event will have a broad market impact, not only in business applications, but in other applications and infrastructure software segments as well. There are strong market forces at play that go beyond the immediate potential merging of two competitive vendors potentially reshaping the market for application software." Prudential continues to think Oracle's takeover of PeopleSoft will never come off due to PeopleSoft's poison pill, lawsuits filed by PeopleSoft customers and antitrust concerns, but mostly it seems to feel that Oracle won't significantly raise its bid for PeopleSoft "as the risk/reward becomes less compelling at higher levels. Prudential also notes that PeopleSoft lacks significant product verticalization, which limits its ability to compete with SAP.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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Carl Hilgenburg 07/18/03 06:36:00 PM EDT

Without completely besmurching Oracle or PeopleSoft, they both deserve whatever they get. Changing licensing agreements, "Bait and Switch" tactics, trying to balance books on the profits of their customers, etc. They really have been unscrupulous of late. It's a shame, really, but from these large companies' perspectives, they have to survive somehow.

I wonder what would happen if they simply decided to get better at what they do, and find a way to enlist their employees in that strategy? Noooo, how stupid of me... that would take some time, and they do have their investors to whom they answer. What a screwed up world in which we live...

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