Feeds

Ellison appeals direct to PeopleSoft shareholders

Oracle begging letter

  • alert
  • submit to reddit

The essential guide to IT transformation

Oracle CEO Larry Ellison is going over the heads of the PeopleSoft board of directors and appealing directly to shareholders to back his offer for the company.

The letter, signed by Ellison and chairman and CFO Jeff Henley, describes Oracle's offer of $26 a share as the "final price".

The letter outlines the generosity of the Oracle offer – based on a "compelling value" and then attacks the PeopleSoft board of directors.

The letter states: "PeopleSoft's directors have ignored our requests to meet and refused to put your interests ahead of their own. Instead, they have devised schemes to further entrench and enrich themselves at your expense. We have serious doubts about the actions of PeopleSoft's CEO and other members of the board." ®

Related stories

Brussels to rule on Oracle-Peoplesoft deal by May 11
'It was all Craig Conway's idea, anyway' -Oracle
Peoplesoft spurns Oracle's final final offer
Oracle hikes Peoplesoft bid to $9.4bn

Boost IT visibility and business value

More from The Register

next story
Pay to play: The hidden cost of software defined everything
Enter credit card details if you want that system you bought to actually be useful
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
VMware's high-wire balancing act: EVO might drag us ALL down
Get it right, EMC, or there'll be STORAGE CIVIL WAR. Mark my words
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.