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By Renee Boucher Ferguson  |  Posted 2004-03-15 Email Print this article Print
 
 
 
 
 
 
 


The deal would ultimately reduce competition from three vendors to two vying for the top e-business software deals: Oracle and SAP AG, according to the Justice Department. Oracle contends that the market is rife with competition beyond itself, PeopleSoft, of Pleasanton, Calif., and SAP, of Walldorf, Germany.
Despite the second global regulatory authoritys decision to fight the deal, Oracle said it is pleased to have clarity on the Commissions key issues.
"We will address these issues through our written right of reply and in our hearing testimony," Oracle spokesman Jim Finn said in a statement. "The process is ongoing, and we are confident that the Commission will see how competitive this business truly is." PeopleSoft, for its part, said in a statement that the Commissions Statement of Objections supports its board of directors position that the merger would face "substantial regulatory scrutiny." The Justice Departments case against Oracle is expected to go to trial June 7.
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