The final witnesses were called Thursday in the U.S. government's case to block Oracle Corp.'s hostile US$7.7 billion bid for rival PeopleSoft Inc., ending a month-long trial that has revealed much about the mechanics of the enterprise software industry.
PeopleSoft Inc. said Friday it will hold this year's annual shareholders' meeting in March, several months earlier than usual, in an effort to limit the effects of Oracle Corp.'s hostile takeover bid and planned attempt to replace a majority of PeopleSoft's board.
Users of the World ERP applications developed by J.D. Edwards & Co. are lobbying new owner PeopleSoft Inc. to keep the aging green-screen software from falling behind the vendor's other products in terms of functionality.
Oracle Corp. executives repeated on Wednesday that more takeovers could follow the company's bid for PeopleSoft Inc. At the same time, mudslinging between Oracle and PeopleSoft continued, even though Oracle described itself as a