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Oracle fires Peoplesoft executives
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Oracle reported that it earned $798 million, or 15 cents a share, in the second quarter. That represented a 2% decrease from $815 million, or 16 cents, in the same period last year. Thanks in large part to Oracle's $10.3 billion acquisition of PeopleSoft, Oracle's revenue for the period ending September 30 rose 19% to $3.29 billion. Even though earnings were below expectations, removing the charge offs form the PeopleSoft acquisition would have put Oracle's earnings at 19 cents. The news of its results Friday marked the third consecutive quarter in a row that Oracle hit its forecast. But in a conference call Oracle told analysts that would it once again report 19 cents a share in earnings, which is a penny below analysts forecasts.
Bad Consolidation Credit Debt Oracle fired top executives at Peoplesoft as soon as they took control, replacing the executives with their own.
Availability PeopleSoft CRM Operational Dashboards are scheduled to be generally available by end of calendar year 2005. About Oracle Oracle ( ORCL) is the world's largest enterprise software company. For rmation about Oracle, please visit our Web site at www.oracle.com
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Bad Car Credit Loan Dec 31, 2004 (AXcess News) Redwood City CA - Oracle (Nasdaq: ORCL) fired top executives at Peoplesoft as soon as they took control, replacing the executives with their own.
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Bad Credit Loan Mortgage Kevin Parker, Peoplesoft co-president and three more top executives were fired one day after Oracle took control in a takeover that cost $10.3 billion.
Auto Bad Credit Loan The other executives at Peoplesoft that were fired were W. Phillip Wilmington, co-president; Nanci Caldwell, chief marketing officer; and James Shaughnessy, general counsel.
Bad Credit Mortgage Refinance Their dismisals were disclosed in SEC filings, effective yesterday.
Bad Credit Refinance Oracle said it replaced the executives with their own.
Bad Credit Mortgage Second Oracle named its co-presidents, Charles E. Phillips Jr. and Safra A. Catz, and its chief financial officer, Harry L. You, to the PeopleSoft posts.
Bad Credit Loan Student Oracle closed Friday at $13.72, down 16 cents.Advertisement
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