Court Papers: Oracle Wants PeopleSoft Outed

August 12, 2004

[From internetnews.com]

According to court documents filed late Tuesday, Oracle tried to publicly reveal its rival's corporate secrets. This despite the fact that Oracle's lawyers did not use the documents during its recent defense against the U.S. Department of Justice (DoJ).

The DoJ is seeking to block Oracle (Quote, Chart) from proceeding with its $7.7 billion takeover bid for PeopleSoft (Quote, Chart). District Court Judge Vaughn R. Walker is expected to file his opinion either by the end of the month or in early September. A hearing is scheduled for August 13 in San Francisco to finalize requests by third-party companies to keep their corporate secrets secure. Insiders suggest this court date indicates the judge is preparing a draft of his opinion, which can only be based on publicly available information.

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