PeopleSoft customers will today take part in the first of a series of online 'town hall' meetings with Oracle executive vice president Chuck Phillips who will attempt to allay their fears at the prospect of Oracle winning its hostile takeover battle with PeopleSoft.
PeopleSoft customers have been invited to submit questions via email or during the meeting at [email protected]. The meeting is the first in a planned series of such events designed to add weight to Oracle's PR campaign to win over the PeopleSoft customer base. The meeting takes place at 9am, PST.
A PeopleSoft spokesman said that Oracle was wasting its time. "What's the point?" he said. " The key here is that PeopleSoft is not for sale. I don't understand what would be the point of meeting with someone who's been launching hostile tender offers in the media, when our board has reviewed with careful consideration each offer. PeopleSoft is not for sale, and we'll just focus on the JD Edwards & Co. acquisition going forward."
Meanwhile JD Edwards customers have said they are pleased that the planned merger with PeopleSoft has been given the greenlight by the US Justice Department to go ahead. "We want to ensure that J.D. Edwards customers continue to receive the customer-centric development and variety of product choices we have enjoyed up to this point," said Dave Watts, president of Quest, J.D. Edwards Users Group.
"We feel the J.D. Edwards-PeopleSoft merger will allow that to happen. We don't, however, have the same confidence about the Oracle acquisition. The future seems cloudy under that scenario."
He called on Oracle to withdraw its takeover bid for PeopleSoft. . "Now is an opportune time for Oracle to retract their offer,' said Watts. 'We see no benefit to the user community from the Oracle deal."