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Posted Jun 26, 2003

Oracle's Ellison remains confident on PeopleSoft bid

By Staff

[From Reuters]

MADRID (Reuters) - Oracle Corp ORCL.O Chief Executive Larry Ellison reiterated on Thursday he expected PeopleSoft Inc's PSFT.O shareholders would ultimately accept his $6.3 billion hostile bid despite signs investors want more.

Ellison, the outspoken chairman and co-founder of the world's No. 2 software company, also attempted to soothe concerned PeopleSoft customers by vowing Oracle would take good care of its smaller rival's clients if the bid were successful.

Oracle made its bid for enterprise software maker PeopleSoft almost three weeks ago, shortly after that company agreed to take over fellow software maker J.D. Edwards JDEC.O .

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