Judge postpones PeopleSoft decision

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What PS needs to worry about now

is that Oracle walks away from the table. PS share price has been bouyed up in the market due to the potential merger with Oracle - if that goes away look for the share price to drop big, and Oracle to rebound nicely. Then Oracle comes back in with a much lower offer MAYBE - I would imagine this scenario is what is going thru the institutional traders minds right now. And as PS is over 75% owned by institutionals - there is no loyalty there at all that PS can depend on in a pinch. My guess is that a lot of Di-Gel is being consumed in PS La-La Land.

This is still nothing more than Duffield and the board trying to get Oracle to sweeten the pot.

I don't see Oracle doing that - the PS board made a big negotiating blunder by signifying that they were not against a buy, it was just price being the sticking point. Oracle has them by the short hairs, and Ellison will play the type of hardball that is needed to end this impasse. Or leave PS bleeding in the dust.

Posted by: quietLee   Posted on: 11/24/04 You are currently: a Guest | Members login | Terms of Use

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