Oracle v. PeopleSoft Trial Closes

October 15, 2004

All eyes are on a Delaware Chancery Court judge now that Oracle's lawsuit against PeopleSoft closed Friday.

The two-weeks' worth of testimony centered on Oracle's request that PeopleSoft (Quote, Chart) remove its Customer Assurance Program (CAP). The guarantee is a refund to PeopleSoft customers should the company be acquired by a hostile takeover. The program, along with a shareholder poison pill, are about all that stands in the way of Oracle's relentless proposed takeover of PeopleSoft.

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