Hands Off Oracle, CEI Says
The Competitive Enterprise Institute, which vehemently opposed the Justice Department's antitrust actions against Microsoft, wants the government to stay out of Oracle-PeopleSoft as well.Not all Beltway pro-free market think tanks think alike. While the Center for the Defense of Free Enterprise condemns Oracle Corp.s attempt to acquire PeopleSoft Inc. and filed a letter with the U.S. Justice Department Tuesday asking it to block the hostile takeover bid, the Competitive Enterprise Institute supports letting the deal shake out as it will without government intervention. The CEI, which vehemently opposed the Justice Departments antitrust actions against Microsoft, wants the government to stay out of Oracle-PeopleSoft as well. "This could be the next big Microsoft type of case," said Braden Cox, technology counsel for the Washington-based institute. Cox said the CEIs position is that government should stand aside and let the natural mechanisms of the business world play out rather than make any moves to block the deal or hold up the deal to a lenghty antitrust review.
"In the fast-paced technology world, any decision [government anti-trust regulators] make is yesterdays news by the time they get to it," said Cox. "In the meantime, it imposes a significant cost on a lot of organizations."