Those customers and corporate CIOs know what the future will be and that they have an eventual migration path from PeopleSoft applications to Oracle applications. However, Phillips also said the company will not continue the development of new versions of PeopleSoft applications or versions of existing applications for new markets. Click here to read John Pallattos commentary about what OpenWorld attendees might learn about Oracles prolonged pursuit of PeopleSoft.Oracle has long had a reputation as a good place for software developers, Phillips said. Oracle is one of the largest employers of software engineers in Northern California. Those who are worried about the prospect "have had plenty of time to seek alternatives," Phillips noted. But many "believe that casting their lot with Oracle wont be so bad, and we have heard that from back channels," he said. In fact, some of those developers and corporate managers are themselves former Oracle employees, giving Oracle a good handle on the skills and talents of many who are working at PeopleSoft today. But even Phillips is enough of a realist to know that a lot can happen before Oracle actually gets to swing the sledgehammer. It goes back to Delaware Chancery court, where the company will get a final opportunity to convince Judge Leo Strine that the court should invalidate PeopleSoft "poison pill" defenses. Oracle says these defenses would flood the market with millions of new shares if Oracle actually moves to pay for the shares for which it has received tender offers. If the court upholds these defenses, then the next battle would come in February, when shareholders will get to vote at PeopleSofts annual meeting on an Oracle-nominated slate of corporate directors committed to accepting the buyout. Even Phillips acknowledged that as far as he knows today, Oracle could still be battling to bring down the PeopleSoft steer a year from now. Check out eWEEK.coms for the latest news, reviews and analysis about productivity and business solutions.
Furthermore, Oracle is confident that it wont have much problem retaining the services of talented PeopleSoft developers. "They know we need the developers to enhance the [PeopleSoft] products, and we will need some of them to move over to work on Oracle products," he said.