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by Jeff Moad, MA Editorial Staff Posted on Tuesday, January 18, 2005 7:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Oracle CEO Larry Ellison today said his focus has shifted to retaining Peoplesoft customers and driving development of his company's next-generation application suite, a combination of the Oracle and Peoplesoft product lines dubbed Project Fusion |
Declaring the organizational integration of newly-acquired Peoplesoft Inc. "done", Oracle Corp. CEO Larry Ellison today said his focus has now shifted to retaining Peoplesoft customers and driving development of his company's next-generation application suite, a combination of the Oracle and Peoplesoft product lines dubbed Project Fusion. Although Oracle co-President Safra Catz, in court testimony prior to the acquisition, said Peoplesoft customer retention could reach a low of 85 percent, Ellison today said he expects in excess of 95 percent of Peoplesoft customers to stay with Oracle. "Customers will stay with us as long as we deliver," he declared. Ellison, in a wide-ranging presentation intended to launch the new, combined Oracle-Peoplesoft, said the company's post-combination organizational structure is now in place. And, he said, all layoff notices have gone out. Last week, Oracle announced post-acquisition plans to lay off 5,000 employees, bringing the company's total employee count to 50,000. The layoff figure was somewhat lower than the 6,000 worst-case scenario Oracle officials had earlier discussed. [Click to continue] |
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