A technology blog for The Economist Group IT team

Saturday, June 07, 2003

"It was like Larry was driving by, spotted a really nice wedding in progress, crashed it with a shotgun and said: 'This bride's going to marry me at the end of a barrel'. It's a pathetic tactic even by Oracle standards".

PeopleSoft CEO Craig Conway tells Reuters that Oracle's offer of $16 a share is nothing more than a disruptive tactic. Look's like Larry Ellison is going to have to back down one way or another after saying that Oracle had no plans to raise its offer. PeopleSoft shares rose 18% to $17.82 on the news.
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