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By John Pallatto  |  Posted 2004-07-01 Email Print this article Print
 
 
 
 
 
 
 


The memo also recommended that Phillips, Catz or Ellison meet with the Connecticut Attorney General Richard Blumenthal to "promise him support for his product, which is the same thing weve already promised everybody else."

To read about other merger targets Oracle considered before making its hostile bid for PeopleSoft, click here.
Blumenthal has been an activist in bringing antitrust complaints against information technology companies on behalf of Connecticut consumers. At Blumenthals behest, Connecticut joined other states in supporting the DOJs antitrust litigation against Microsoft Corp.

To resolve his opposition to the PeopleSoft buyout, Phillips suggested Oracle "give him a victory so he can back off and say he got a concession."

The memo noted that Kumar is acquainted with several members of the PeopleSoft board of directors. Kumar recommended that Oracle offer concessions that would win the support of top PeopleSoft executives and board members, particularly PeopleSoft founder Dave Duffield.

Duffield, Kumar said, was concerned about the potential for mass firings once a buyout was completed. He suggested that Oracle announce a hiring freeze in advance of closing the buyout along witih a statement that Oracle "will try to keep as many PeopleSoft employees as possible."

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John Pallatto John Pallatto is eWEEK.com's Managing Editor News/West Coast. He directs eWEEK's news coverage in Silicon Valley and throughout the West Coast region. He has more than 35 years of experience as a professional journalist, which began as a report with the Hartford Courant daily newspaper in Connecticut. He was also a member of the founding staff of PC Week in March 1984. Pallatto was PC Week's West Coast bureau chief, a senior editor at Ziff Davis' Internet Computing magazine and the West Coast bureau chief at Internet World magazine.
 
 
 
 
 
 
 

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