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16 Jun 2003
Craig Conway, president and CEO of PeopleSoft, has joined J.D. Edwards, which filed a similar suit on Friday last week.
'By making an offer with the acknowledged intent of eliminating PeopleSoft's business, Oracle seeks to disrupt PeopleSoft's efforts to complete new sales, thus, effectively damaging PeopleSoft's business even if Oracle never buys a single share of PeopleSoft stock,' said Conway in a statement.
The battle for shareholder votes also began in earnest today, with both companies taking out full-page ads in the Financial Times. 'In the end, PeopleSoft was the target of a hostile bid precisely because we have stronger products and precisely because we are so well-positioned,' read the PeopleSoft advert. Oracle simply stated: 'Don't let the board take away your choice' followed by a very clear reminder of what Oracle is offering - cash.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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