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Oracle-PeopleSoft: Conway Testifies He Never Called Ellison a "Sociopath"
Oracle-PeopleSoft: Conway Testifies He Never Called Ellison a "Sociopath"

Related Links:

  • PeopleSoft's Now "Open to Discussions" With Oracle
  • Oracle Seeks to Revoke PeopleSoft's Poison Pills
  • Calling Ellison Genghis Khan Cost PeopleSoft CEO His Job
  • Craig Conway vs Larry Ellison - The Story So Far
  • Is Mergermania Back?
  • PeopleSoft "Terminates" Conway; Oracle Takeover Nearer?
  • PeopleSoft Watch: EC Won't Block Oracle Takeover
  • PeopleSoft Hangs Tough, Refuses to Meet Oracle
  • Oracle Wins
  • Who Shot PeopleSoft's Craig Conway?

    It remains to be seen whether or not Delaware Chancery Court Judge Leo Strine, pictured here entering the courtroom for this afternoon's session, this week will side with Oracle and declare void PeopleSoft's poison-pill strategy designed to stave off the hostile takeover bid. Before then it may become moot; if Oracle ups its current $21 tender offer for example, and promises a quick transaction, perhaps PeopleSoft will dismantle the defensive measures itself.

    One of the questions asked of ex-CEO Craig Conway in the morning session today was whether, in June, 2003, when he was still PeopleSoft's supremo - right after Larry Ellison's hostile takeover bid for PeopleSoft was announced - he characterized Oracle's tender offer as "atrociously bad behavior from a company with a history of atrociously bad behavior."

    He did.


    Craig Conway, former CEO of PeopleSoft, on his way into Delaware Chancery Court to testify today
    (Wilmington, Delaware, October 6, 2004) Photo Copyright: SYS-CON Media


    Attorneys accompanying Conway heard him testify he'd called Oracle a "sociopathic" company
    (Wilmington, Delaware, October 6, 2004)  Photo Copyright: SYS-CON Media


     Fired by the PeopleSoft board last week, Conway and his legal team plus police escort in the courthouse
    (Wilmington, Delaware, October 6, 2004)  Photo Copyright: SYS-CON Media


     Vice Chancellor Leo E. Strine Jr. returning to the Delaware Chancery Court after lunch
    (Wilmington, Delaware, October 6, 2004)  Photo Copyright: SYS-CON Media

    Had he likened Ellison to Genghis Khan, who raped and pillaged his way across Asia to create an empire that stretched from the Pacific to the Black Sea? 

    Yes he had. His general approach had been to "vilify" Oracle, he conceded. 

    But he did not call his former boss - Conway is a former Oracle employee - a "sociopath." That, anyway was the testimony of Conway before Judge Leo Strine in Wilmington, Delaware, this morning.

    "I have referred to Oracle as a sociopathic company," Conway told the court. But he denied ever calling Oracle's Larry Ellison himself a sociopath. 

    SYS-CON has tried to reach John Chen, CEO of Sybase, Inc, which continues to battle Oracle in the core enterprise database market and which has also found recent success as a marketing partner with PeopleSoft. Mr. Chen is presently in Europe on business and has as of yet offered no comment.

    Related Links:
  • PeopleSoft's Now "Open to Discussions" With Oracle
  • Oracle Seeks to Revoke PeopleSoft's Poison Pills
  • Calling Ellison Genghis Khan Cost PeopleSoft CEO His Job
  • Craig Conway vs Larry Ellison - The Story So Far
  • Is Mergermania Back?
  • PeopleSoft "Terminates" Conway; Oracle Takeover Nearer?
  • PeopleSoft Watch: EC Won't Block Oracle Takeover
  • PeopleSoft Hangs Tough, Refuses to Meet Oracle
  • Oracle Wins
  • Who Shot PeopleSoft's Craig Conway?
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    "If there's an indication that they would pay what we consider to be the right price, and there's a possibility that we could close the transaction quickly, I'm open to discussions with Oracle," PeopleSoft director Steven Goldby said in court in Wilmington, Delaware.

    They are willing to deal so long as it can be done for the right price (i.e. more than the offer on the board, and probably somewhere in the neighborhood of the original $26 offer) and can be done quickly.

    As to the second point, that is one of the many bargaining chips they have. They are essentially saying that they can make this move quickly for the right price or can continue to drag it out.

    However this turns out: Get ready for 6000 job losses!!

    Not a sociopath, huh? Then why did he get that reputation for cutting off ears, cutting off heads, taping wires from portable telephones to human genitals and turning up the power, cutting off limbs, blowning up bodies, randomly shooting at civilians, razing villages in a fashion reminiscent of Genghis Khan...oh no wait that wasn't Ellison was it, that was John Kerry on how American GIs allegedly ravaged the countryside of South Vietnam. Sorry Genghis - I mean Larry.




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