What most customers are concerned about, however, is whether or not Oracle would continue support of PeopleSofts software should the takeover prove successful. In the amended suit, PeopleSoft cites a June 6 e-mail from Oracle Executive Vice President and board member Safra Catz that reads, "We really wont be continuing [PeopleSofts] product line." Oracle is sticking to its story that PeopleSoft is using information out of context.PeopleSoft is suing for injunctive relief from Oracle, which would include Oracle withdrawing its tender offer and ceasing any written, oral or electronic communications with PeopleSoft customers. Oracle must surmount other obstacles before its bid is successful. A group of more than two dozen state attorneys general is looking into Oracles takeover offer. Regulator bodies from the United States, Canada and Europe are also examining the deals antitrust implications.
Earlier this month, Oracle Executive Vice President Chuck Phillips told reporters that Oracle expects the U.S. Department of Justices probe to be completed by mid-November.
Oracle next week will hold a second "town meeting" with PeopleSoft customers to discuss how Oracle would support PeopleSoft applications if the merger goes through. Phillips and another executive vice president, Mike Rocha, will answer PeopleSoft customers questions.
"The email [from Safra Catz]... is a good example of PeopleSofts attempt to take a single sentence fragment from a lengthy document out of context and try to turn it into something salacious," Oracle spokesman Jim Finn said in a statement.