Craig Owes Larry a Big Thank-You
Without Oracle's annoying molestations, PeopleSoft customers would miss out on a fast JDE acquisition, the CAP and the bonding of besiegement.This Thanksgiving, PeopleSoft customers across the land should bow their heads and remember Larry Ellison, Jeff Henley and Chuck Phillips in their prayers. Why? Think about it: Who has been kinder to PeopleSoft over the past year? Who has paid more focused attention to the king of Human Resources software? Who has lit a hotter fire under PeopleSoft CEO Craig Conways butt, spurring him and his team to spin a fast J.D. Edwards product integration plan and coming up with a Customer Assurance Program that has PeopleSoft users tucking themselves in at night feeling warm, loved and well-taken-care-of? Nobody, Im telling you, simply nobody. I know what youre thinking, and youre right. Its true, Oracles big brass have been a tad harsh in their wooing. Oracles Chief Financial Officer Henley on Monday majorly dissed the CAP (Customer Assurance Program), a program that would refund customers between two and five times their license fee if PeopleSoft is acquired and the acquiring company discontinues support of PeopleSofts e-business software. Henley, in a conference call to financial analysts and the press, reiterated Oracles commitment to swallowing PeopleSoft (demonstrating that pitbulls are considered merely cuddly in Oracles home base of Redwood Shores). Henley went on to say that the CAP, rather than being a balm and a comfort to PeopleSoft users in these uncertain times, is actually a $156 million hatchet hovering over their necks.
"PeopleSoft has said it committed itself to approximately $156 million in refunds. Our concerns start with revenue recognition, since [their CAP] can be triggered without an acquisition. It could be an obligation to PeopleSoft," Henley said. "We believe they have a revenue recognition problem."
|OldTimerTwo: Wont Ellison ever give up on trying to be Bill Gates?|
|view full post >|