Oracle Town Hall Meeting Gets Personal
Oracle seeks to quell PeopleSoft customers' concerns.It got downright personal. It was Thursday, at the first of a series of online town hall meetings hosted by Oracle Corp. The intent was to persuade PeopleSoft customers of the database giants sincerity and lack of evil intent in its intended purchase of PeopleSoft. At a meeting attended by over 700 peopleexcluding Oracle employees, according to an Oracle spokeswomancustomers, journalists, financial analysts, and employees of PeopleSoft and J.D. Edwards & Co. asked Oracle Corp. Executive Vice President Chuck Phillips such things as, "Given that youve only been at Oracle a few months, how can you speak with confidence about what Oracle can or cannot do? Pretty good upgrades? We need a better answer than that." Phillips kept his cool, though, in an exchange devoid of the catcalling that has characterized Oracles ongoing pursuit of PeopleSoft. "I was a user five years before they went public," Phillips said. "From my experience, and from the customers Ive talked to for the many, many years [Ive been involved with user groups and have known Oracle executives], Id have to say theres a reason theyve been successful. Theyve delivered."
As of Friday, July 11, 43.8 million PeopleSoft shares had been tendered. Thats about 13 percent of outstanding shares.