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Oracle Extends PeopleSoft Tender

Oracle Extends PeopleSoft Tender

At press time, a few hours after PeopleSoft met with Wall Street, Oracle - claiming that "PeopleSoft's plans means confusion and execution risk for customers and shareholders" - extended its hostile bid for the company for the fourth time. The tender deadline has now been moved to October 17 from September 19. Oracle is still trying to get the Justice Department's okay. PeopleSoft CEO Craig Conway reiterated to Wall Street that he didn't think Oracle was a live issue.

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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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