Oracle Bids for PeopleSoft
"There was no shortage of disgust from the PeopleSoft camp after Oracle made a less than exhilarating bid for the company last week.
PeopleSoft executives digested Oracle's offer for a couple of hours before issuing a curt press release. The statement made clear that the CEO's office objects to the deal and put earlier rhetoric from Oracle into question.
PeopleSoft CEO and President Craig Conway described Oracle's $5.1 billion bid as "atrociously bad behavior from a company with a history of atrociously bad behavior."