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.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." Check out eWEEK.coms Enterprise Applications Center at http://enterpriseapps.eweek.com for the latest news, reviews and analysis about productivity and business solutions.
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.