peoplesoft

Oracle announced that PeopleSoft stockholders have tendered approximately 75 percent of PeopleSoft outstanding stock, giving Oracle control of the company.

When Internet-based companies, especially ones the size of Oracle and PeopleSoft, announce fundamental changes, responses are usually swift.

Software firm PeopleSoft has agreed to accept Oracle's proposal to buy the company. The agreement was for $10.3 billion or $26.50 a share. The agreed-upon total is an increase of the initial offering which was for $24 a share. The deal is expected to be complete by January 2005.

The PeopleSoft Board concluded that PeopleSoft is worth much more than the $24 per share price offered by Oracle. They reiterated that they will not sell the company for less than it is worth.

PeopleSoft announced that its Board will review the implications of today's decision by the European Commission regarding Oracle's proposed acquisition of PeopleSoft.

A module within the PeopleSoft EnterpriseOne 8.11 product family, the new solution enables manufacturers to extend their supply chain by embedding advanced sales and customer service functionality within manufacturing-specific business processes.

At its Connect 2004 user conference, PeopleSoft announced the winners of its inaugural Leaders in Supply Management Award, a program that honors PeopleSoft customers for innovation and excellence in the areas of procurement, sourcing, and supply management.

Certifications provide comprehensive imaging and business process management support for accounts payable and receivable, travel and expense reporting, and human resources applications.