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Oracle CEO testifies in antitrust case







Oracle CEO testifies in antitrust case

Oracle CEO testifies in antitrust case 07/01/2004 03:37 PM

CEO of Oracle, Larry Ellison testified Wednesday in an antitrust case involving the attempted takeover of PeopleSoft. Oracle’s CEO testified that it would be in his companie’s interest to continue supporting PeopleSoft’s products if the takeover was allowed to go through. The Justice Department disagrees and believes that Oracle’s acquisition of PeopleSoft would reduce the number of vendors of specific specialized software. The software in question is critical to human resources and corporate finances departments for large corporations. This entire legal battle is the aftermath of a hostile takeover attempt by Oracle that was then halted by a lawsuit from the Justice Department.




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