Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

Related Topics: Recurring Revenue, Java IoT, Microservices Expo, Linux Containers, IT SOLUTIONS GUIDE

Recurring Revenue: Article

Founder Says "Bye Bye" As Oracle Gains Control of PeopleSoft

David Duffield Resigned December 21 as CEO, Chairman, and Director

According to a document just filed with the SEC, the 64 year-old founder of PeopleSoft - David A. Duffield, who stepped in as CEO when Craig Conway was suddenly fired by the PeopleSoft board in October - is no longer with the company. He resigned last week as CEO, chairman, and director in the wake of Oracle's successful $10.3BN tender bid for PeopleSoft's shares.

The news comes just as Oracle has announced that it now controls 75% of all PeopleSoft shares, giving it a controlling stake in the company it fought for 18 months to own.

According to Bloomberg News, if at least 90% of the outstanding shares of PeopleSoft are tendered by January 4 at 8 p.m., Oracle would expect shortly afterward to complete its "second-step" merger.

Duffield's departure was only to be expected, given that on December 13, the day PeopleSoft accepted Oracle's $26.50-a-share offer, he sent a companywide e-mail to PeopleSoft's 11,200 employees saying he was "deeply saddened" about the Oracle takeover:

"You should know, and I hope you would expect, that I am deeply saddened by this outcome. I know it is little comfort, but I am extraordinarily proud of what we've accomplished."
In the e-mail Duffield acknowledged that some PeopleSoft employees would find work with Oracle, while others would move elsewhere...and some, inevitably, would have trouble finding "rewarding job experiences."

"It is to this last group that I offer my sincerest apologies for not figuring out a different conclusion to our 18-month saga," Duffield added.

And now he will need to seek a new and "rewarding job experience" of his own.

More Stories By Oracle News Desk

Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

Comments (6) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
finallysomesanity 12/29/04 10:33:21 AM EST

I have a New Year's wish for the combined company. Let's have PeopleSoft display some of the doggedness and focus of the Oracle team, and have the Oracle team display some of the customer-focus, humbleness of the PeopleSoft team. Imagine a team of laser-focused, customer-minded professionals who happen to care how they treat each other and how they're perceived in the marketplace?

Blow out some of the dead weight in both organizations, including the idiots who think managing by spreadsheet is management, and watch what can happen.

I've worked for both companies (but don't any longer) and feel both needed a shakeup. Put your politics aside and think long-term instead of "I need to win" and there finally, finally may be a viable competitor to SAP. If personal politics and just plain mean-spiritedness rules the merger plans, then this will turn into one expensive fiasco.

Good luck to both companies.

flahwah 12/29/04 10:30:50 AM EST

I was an implementation consultant with PeopleSoft for nearly eight years, I made very good money, and had a lot of fun doing it. I've never worked with a greater bunch of people. Thanks Dave!!

Next Steps 12/29/04 10:10:12 AM EST

So at what point does PSFT find itself de-listed on the Nasdaq? And when does the merger actually become a formal fact?

businessngolf 12/29/04 09:26:13 AM EST

New Year's Resoltions for PeopleSoft Employees:
1. I will not listen to Duffield again
2. I will not listen to Conway again
3. I will get my resume up to speed
4. I will visit the monster.com web site daily
5. I will tell all my customers that Larry really means well.( And smile when I say it)
6. I won't sell my 100% vested options cause they are still worthless (sorry, does not apply to Duffield, McVaney, or Conway -
or the rest of the Board)
7. I will visit Dice.Com daily
8. I will create 8 different resumes, just in case.

Or the other resolution will be, based on how much truth I have been told to date...

1. I will believe all these folks that say I won't get laid off.
2. I will believe the Oracle folks will be half the makeup of those laid off
3. I will toss my resume out the window, I don't have time to update it as I am too busy making Larry, my new best friend, alot of money. And I trust him!!!
4. I will delete all refereces to the Monster and Dice job sites, as my new boss is soooo coool and really wants me to stay. Gosh, I might even get a raise as soon as pigs fly!!

safety blanket 12/29/04 09:07:29 AM EST

Didn't I read somewhere that if they lose their jobs in the takeover, PeopleSoft and Oracle executive officers will receive up to two times their annual base salary and bonus?

Even the fall of rank-and-file employees finding themselves on the street will be cushioned by "tin parachutes" - 12 weeks of salary and health benefits, and the ability to exercise and sell their stock options immediately.

I mean, this isn't ALL bad, right?

ex-Duffield 12/29/04 09:03:49 AM EST

I wonder if Duffield's car has one of those bumper stickers on it that PeopleSoft employees were joking they wanted to put on their cars: "Mean people suck. Fortunately most of them work at Oracle."

@ThingsExpo Stories
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics gr...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things’). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing? IoT is not about the devices, it’s about the data consumed and generated. The devices are tools, mechanisms, conduits. In his session at Internet of Things at Cloud Expo | DXWor...