Oracle bid fails to thrill

Neither PeopleSoft nor Oracle's New Zealand users are thrilled at the possibility of the two companies merging.

Neither PeopleSoft nor Oracle's New Zealand users are thrilled at the possibility of the two companies merging.

Late last week PeopleSoft's board of directors unanimously rejected a $US5.1 billion offer by the database and e-commerce suite vendor to buy the company and urged shareholders not to accept the unsolicited buyout bid.

Meanwhile, Chris Alderson, programme director of Air New Zealand’s PeopleSoft implementation, says the merger wouldn’t necessarily be a good thing.

“When Larry [Ellison] says they’re going to stop developing PeopleSoft and take the best bits and put them into Oracle, that’s not the most wonderful thing I’ve ever heard. We chose PeopleSoft over Oracle and SAP, so we voted with our feet.”

The airline is rolling out PeopleSoft financials version 8.4 and the HR module HCM 8.8, with the financials planned to go live by the end of the year and HCM early next year.

The timing of Oracle's bid quickly overshadowed PeopleSoft’s own announcement, four days earlier, that it was to acquire JD Edwards.

In rejecting the offer last week board members at the Pleasanton, California, company said in a statement that they believe "the offer would undoubtedly face lengthy antitrust scrutiny, with a significant likelihood that approval would not be granted."

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