Deal was never to
analysts liking"> At any rate, many analysts have always hated the deal. Tom Burnett, president of Merger Insight, an affiliate of the New York research and brokerage firm Wall Street Access, told me his firm just never could understand why Oracle would "ruin its balance sheet" to take on all the liabilities tied up in PeopleSofts customer assurance plan, which has been pegged at carrying a potential price tag of between $1 billion to $2 billion if customers cash in on the rebate plan. "They have a nice balance sheet of cash," Burnett told me. "I dont know why they dont buy back their own stock instead of trying to go out and buy PeopleSoft." Thats a common refrain when it comes to the idea of Oracle assuming responsibility for PeopleSofts customer assurance plan. And at this point, with Oracle souring its offer price and publicly expressing gloom and doom over its chances of successfully acquiring PeopleSoft, we might well consider the possibility that the company never had serious intentions of getting into the guts of that customer assurance plan in the first place. In the meantime, PeopleSoft well-wishers can just cross their fingers and hope that potential customers can weather the storm that all this Oracle wind has wrought.Please register for TalkBack below and tell me and other readers what you think, or write to me at email@example.com. eWEEK.com Database Center Editor Lisa Vaas has written about enterprise applications since 1997. Check out eWEEK.coms Database Center at http://database.eweek.com for the latest database news, reviews and analysis.