Oracle Beaten on PeopleSoft?

By Deane Barker on August 30, 2003

PeopleSoft CEO: Oracle saga is over: The CEO of PeopleSoft is claiming that the Oracle bid is dead in the water.

“As far as Conway is concerned, Oracle lost steam in July, after PeopleSoft sealed its $1.8 billion purchase of J.D Edwards. Oracle had initially wished to stop that deal, which PeopleSoft had announced just days before Oracle’s own bid. Another critical blow to Oracle, Conway said, was the fact that PeopleSoft announced strong second-quarter financial results, boosting investor confidence in the company. ‘In my mind, it was over in July,’ he said.”

So much for my theory.