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PeopleSoft's Conway now says Oracle saga not over

 
Source/Author  ComputerWorld
 

 

By Stacy Cowley,
for IDG News Service

At the end of a strong quarter six months ago, PeopleSoft Inc. Chief Executive Officer Craig Conway told analysts that Oracle Corp.'s bid for his company was effectively dead and having no impact on sales. Thursday, at the end of a weaker quarter, Conway revised his message and blamed Oracle's lingering takeover campaign for lost and delayed sales.

When Oracle finally backs off, "some amount of deals that have been held or deferred will be released," Conway said in a conference call following PeopleSoft's announcement of its first-quarter financial results. "There will be a release of the dam."

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