Judge Faces Perplexing Decision in Oracle-PeopleSoft Case
Opinion: Judge Vaughn Walker will need the wisdom of Solomon to reach a decision on whether to block Oracle's $7.7 billion buyout of PeopleSoft.Pity poor Judge Vaughn Walker. He sat through four weeks of often tedious testimony as Oracle and the Department of Justice sliced and diced the enterprise applications software market for his consumption. Its now up to him to decide whether Oracle Corp.s $7.7 billion hostile takeover bid for PeopleSoft Inc. should be permanently banned because it violates antitrust law. He will have to wade through thousands of pages of testimony transcripts, depositions and expert witness reports to reach a decision. Its hard to fathom how the legal mind can sift through such a huge volume of information to reach a just decision that is supported by the law and the facts.
The futures of thousands of employees and customers of both companies hang in the balance. His decision could make countless millions of dollars in PeopleSoft application installations obsolescent at a stroke.