Oracle’s senior executives went on the charm offensive in the second of the company’s online Town Hall meetings to woo PeopleSoft shareholders.
Executive Vice Presidents Chuck Phillips and Mike Rocha fielded questions sent via e-mail or on submitted during the webcast, arguing again that Oracle would continue to support PeopleSoft products.
"We have said before, will not shut down PeopleSoft, you will not be forced to switch to Oracle," Phillips said. "We will provide support including PeopleSoft experts, and we will increase the investments by extending support for PeopleSoft version 7 by two years and 10 years by version 8 of PeopleSoft software. Mr. Ellison has said the company would always to maintain the product line."
Rocha said Oracle would first keep the customer advisory boards and try to retain customer support teams from PeopleSoft, although Phillips has gone on the record as saying that there will have to be significant headcount reduction.
The situation regarding JD Edwards support contracts is less clear. JD Edwards has been acquired by PeopleSoft and is now part of the Oracle takeover bid. "We're waiting to see what they [PeopleSoft] do with the product before we decide to support it," Phillips said.
The Oracle tender offer for PeopleSoft expires on 19th September, but is almost certain to be extended, possibly at the Oracle World conference in San Francisco next week.