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By contrast, if Oracle acquires PeopleSoft, it will hold about 11percentt of the market for business software that handles accounting, procurement and other tasks, which had sales of $23.5 billion last year, according to the International Data Corporation, a research firm.
When Ellison made a move on PeopleSoft, it was run by one of his myriad protégés-turned-castoffs, Craig Conway.
Yet Di Bona figures the jump had nothing to do with PeopleSoft; it came from Oracle products.
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Ernst & Young has escaped being suspended from doing audit work in California, a sanction that could have caused a severe problem for the firm, and instead has agreed to accept three years of probation as a consequence of its relationship with PeopleSoft, which it audited at the same time it had business relationships with the company.
North Dakota selected PeopleSoft after it lowered its price to $21 million and Oracle reduced its bid to $18 million.
As one source close to PeopleSoft puts it, "software is like fish: if it stops swimming, it dies".
Until yesterday, Oracle had not made clear whether it would continue to pursue PeopleSoft if it were to acquire J.
Oracle executives said the decision reflected the decline in the share price of PeopleSoft since it first announced its hostile takeover bid last June.
Business software maker PeopleSoft said it would not change the way it accounts for employee stock options by treating them as an expense.
PeopleSoft says it wants to pursue its J. D. Edwards deal.
If you doubt it, take a look at Starbucks or Whole Foods or PeopleSoft (before it was consumed by Oracle) or Costco or Southwest Airlines or countless other organizations where they have figured out that intelligent commitment to your people leads to a much better bottom line.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com