Word: peoplesoft
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...with their wallets shut tight--at least Larry Ellison can still come up with a surprise. The founder of Oracle--one of the world's richest men, with company stock worth more than $17 billion--spent last week pushing a hostile bid to take over rival business-software firm PeopleSoft for a lowball price of $16 a share--about 50˘ less than the market value of the stock. Neither analysts nor competitors seemed sure whether to take him seriously. "Larry's just having some fun with these people," says Jim Goodnight, CEO of software firm SAS, based in Cary...
...employees of PeopleSoft, based in Pleasanton, Calif., were not amused. CEO Craig Conway, 48, himself a former Ellison protege, had just successfully negotiated a $1.7 billion merger deal with another rival, Denver-based J.D. Edwards. That was supposed to be the big story in the software business. Then Conway's customers started talking about the Oracle offer and whether they should postpone purchases until things settled down. Even after the PeopleSoft board concluded there would be antitrust problems with an Oracle takeover, Ellison was still pressing the deal on PeopleSoft shareholders. By the end of the week, PeopleSoft...
...Peoplesoft, our new payroll system, seems to be working quite well,” said Marilyn D. Touborg, the OHR director of communications on Oct. 15. “This [problem] is certainly upsetting to the people it is affecting, but if you look also at the enormity of the project, by and large it has gone very well...
...Project was originally supposed to use software from Oracle as well. But in May 2001, the University opted to switch its HR systems to software designed by Peoplesoft...
Nevertheless, the transition to Peoplesoft had many of the same problems as the transition to Project ADAPT. There seemed to be, at least temporarily, a breakdown in communication between the administrators implementing the system and the users—or at least the student users—of the new system...