Oracle lines up its own candidates for next January's elections to PeopleSoft board
CRN, 01 Dec 2003
Oracle has fended off suggestions that its commitment to complete the hostile acquisition of PeopleSoft is waning.
Oracle has cast further aspersions on PeopleSoft's performance, and has lined up its own candidates for next January's elections to the PeopleSoft board.
"It's puzzling to say PeopleSoft is doing well. We believe they have a revenue recognition problem," said Jeff Henley, Oracle's chief financial officer.
Andy Kellett, senior research analyst at Butler Group, said: "The longer this goes on, the more uncertainty they can create around PeopleSoft. Any take-over raises issues. But this one doesn't seem to be the perfect fit."
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