Oracle's Hostile Takeover Bid For PeopleSoft 229
rkuris writes "Oracle has launched a 5.1 billion dollar cash hostle takeover bid against Peoplesoft. PeopleSoft's CEO Craig Conway (a former top executive for Oracle) called Oracle's offer 'atrociously bad behavior from a company with a history of atrociously bad behavior.' 'Obviously it is a transparent attempt to disrupt the [1.7 billion dollar friendly] acquisition of J.D. Edwards by PeopleSoft announced earlier this week.' The week's events have reopened old wounds between the companies, which have a history of hostility and name calling."
Some bad, some bad (Score:5, Interesting)
Bad - I don't know about you, but I was pretty pissed off when AT&T sold their cable unit to Comcast. I got a call one Saturday morning from some company that I have never personally signed up with, offering to change my channel selection for me. Imagine paying a few hundred thousand dollars after having chosen Peoplesoft, only to have Oracle call you up one day, and say, 'hey, you're our new customer!'
Good - I suppose this'll be good for Oracle, and maybe, at the end of the day, customers will win because of the integration of two not-too-bad software suites.
Re:if I had PeopleSoft stock (Score:5, Interesting)
It seems obvious that this offer was designed to intimidate PeopleSoft, disrupt the JD Edwards acquisition, and cast doubt on the future of PeopleSoft's products so that customer's would be less likely to buy.
Oracle is the good guy (Score:3, Interesting)
What exactly *IS* a hostile takeover anyways? (Score:5, Interesting)
Sounds like... (mildly OT) (Score:4, Interesting)
Read the pricewaterhouse coopers analysis [pwc.com]
and this other commentary [endlessrealms.com]
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The Spiders are coming [e-sheep.com]
How would this affect linux? (Score:4, Interesting)
A number of large businesses and private and public universities in the SF Bay Area have been installing Peoplesoft. The name "Peoplesoft" keeps coming up in discussions, and is usually accompanied by some cussing by the people who use it.
IIRC, UC Berkeley and Cal State Hayward are both moving from their inhouse solutions to Peoplesoft for the student record database (Causing many headaches among the students and staff). I've talked to some Unix admins at both places who griping about having to learn Windows and Peoplesoft.
These Universities are cutting budgets, but are still spending money on hardware, Windows licences, staff, training, training, and more training to accomodate the new Peoplesoft solution. The HR dept says this will save them lots of money.
But if Oracle takes ownership of Peoplesoft, will we see more Linux support in the future?
Re:$5.1bn ? (Score:3, Interesting)
Would Reduce Our Choices By One (Score:3, Interesting)
Or, you could purchase from Oracle, Peoplesoft. Datatel, SCT, etc, gamble a lot of money, maybe discover you have to change your business processes to fit the software, and in a couple of years you may be
I worry that if Oracle buys Peoplesoft, we lose a choice, such as it is. It's already a complex dynamic, and this may make the choices a bit more narrow.
Comment removed (Score:4, Interesting)
Re:Some bad, some bad (Score:2, Interesting)
Re:Oracle is the good guy (Score:5, Interesting)
Besides, Ellison hates Gates. Its personal. So his support of Linux is very Slashdot-like.
Consolidation of bad software? (Score:5, Interesting)
At two previous jobs I used PeopleSoft's suite and found it lacking. At one I did a bit of reverse engineering on the database, and I had perl scripts generating better reports than their $x million software, which also crashed daily. (Nobody seemed to know exactly what x was, but afaict everybody who had to do with the decision to use PeopleSoft no longer worked there. Which might tell you something.) Oh, and for all the article's 'PeopleSoft is (used to be) a caring company' lines, I can assure you that once they have your money they don't care the slightest about their customers, even when you're still paying for service.
On the other hand, during that same period, I talked to a number of people about Oracle's suite (Oracle E-Business Suite, OEBS) as a potential replacement. There are lots of sites talking about all the money and time people save using OEBS, just as there are for PeopleSoft. But every person I actually talked to said, essentially, that it was crap and they regretted it, but don't tell anyone.
So, I guess my point is that both of them are basically crap software that got their reputation because no public company would ever admit to their shareholders that their well-researched software decision was a multi-million dollar disaster. So they deserve each other.
And on that note, I think I'm going to post this anonymously, since even though it's all true libel suites are time consuming.
Re:$5.1bn ? (Score:3, Interesting)
They do http://microsoft.com/BusinessSolutions/ [microsoft.com]
Microsoft just got in the CRM market recently, which had PeopleSoft really pissed. I believed they made a statement concerning pushing other platforms or something.
To be honest, I have to say, I'm with Microsoft on this one. CRM/ERP companies have been charging whatever they feel like for software and training for a while now. Companies like Microsoft and Salesforce are now commoditizing that market, and maybe we will start getting CRMs with price under $300/user soon.
Re:Oracle is the good guy (Score:5, Interesting)
As for Microsoft bashing, the one reason I like Microsoft is because I know that if Oracle had the PC monopoly, things would be much, much worse. The reaon Oracle hates MS isn't because MS has a monopoly in the desktop OS, it is because MS ruined the nice little monopolies that the heavyweight database engines and mainframes had been working to perfect.
Re:What exactly *IS* a hostile takeover anyways? (Score:4, Interesting)
Re:Hopefully this will go through. (Score:3, Interesting)
Re:Some bad, some bad (Score:4, Interesting)
Imagine paying a few hundred thousand dollars after having chosen Peoplesoft, only to have Oracle call you up one day, and say, 'hey, you're our new customer!'
Few hundred thousand? Talk about getting off light. We have a PeopleSoft implementation at our university that cost millions of dollars. Oracle has said that they will support existing PeopleSoft implementations but that they would kill PeopleSoft's product line. Fine by me. The education product line is a contorted piece of crap that is obviously HR software. Students have Employee IDs, their majors are Career Plans, and they have Program Actions. On top of that, seeing 6 figure consultants who fly to France on the weekends to get haircuts and buy cookware lose marketable job skills will make my day.