Oracle Execs Continue Pitch for PeopleSoft
Phillips and Rocha try to sell Oracle's $6.3 billion bid for enterprise software rival PeopleSoft.Oracle Corp. executives met with shareholders of PeopleSoft Inc. this week to convince them to buy into Oracles $6.3 billion takeover bid for PeopleSoft. Now the executives are meeting with the press to better explain the rationale behind the plan. Two Oracle executive vice presidents are giving assurances that PeopleSoft customers would never be forced to migrate to Oracles applications should Oracle succeed in acquiring PeopleSoft. Oracle Executive Vice President Chuck Phillips gave assurances Friday that PeopleSoft customers would never be forced to migrate to Oracles applications should Oracle succeed in acquiring PeopleSoft.
"No [PeopleSoft] customers will be required to migrate [to Oracles applications]," Phillips said during a conference call with reporters. He went on to say that Oracle, of Redwood Shores, Calif., would support PeopleSofts existing products for longer than PeopleSofts own support commitments currently run and would make enhancements to those products as well.