Oracle's offer seeks to enrich Oracle at the expense of PeopleSoft's stockholders, customers and employees, ... We believe that Oracle's proposed acquisition of PeopleSoft would stifle competition and limit customer choice.
PeopleSoft is committed to the J.D. Edwards acquisition, ... We believe that the continued execution of our strategy will create significantly higher stockholder value.
We believe Oracle is using the entire process -- tender offer, antitrust and proxy solicitation -- in an attempt to damage our company, ... Don't underestimate the significant additional value PeopleSoft can create once the disruption from Oracle's hostile activities has ended.
We believe the adverse impact to our business has been substantial, with even greater impact this past month.