PeopleSoft's moves to thwart Oracle

Summary:Declan McCullagh reports on on testimony in the Oracle/PeopleSoft spat by Kevin Parker, PeopleSoft's co-president and chief financial officer, who acknowledged that PeopleSoft went to customers with hat in hand to accelerate deals to avoid what otherwise could have been an embarrassing second quarter for the company in 2003.

Declan McCullagh reports on on testimony in the Oracle/PeopleSoft spat by Kevin Parker, PeopleSoft's co-president and chief financial officer, who acknowledged that PeopleSoft went to customers with hat in hand to accelerate deals to avoid what otherwise could have been an embarrassing second quarter for the company in 2003. This comes on the heels of testimony by a PeopleSoft board member that Conway was less than honest when he told Wall Street analysts last year that Oracle's hostile takeover wasn't disrupting PeopleSoft's business and evidence that Oracle's ex-chief marketing officer Mark Jarvis suggested that his company "use this news [of the forthcoming bid for PeopleSoft] in order to create FUD [Fear, Uncertainty, and Doubt] with prospects and customers alike."

Parker also testified that then-CEO Craig Conway and Hewlett-Packard CEO Carly Fiorina had a private meeting that led to a contract being signed in time for the second quarter.

Topics: Oracle

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