litl_phil wrote: While it's nice that Google and Acer share the vision of cloud-based computing, it's also worth noting that we at litl already have a webbook on the market (available at litl.com) that runs our own cloud-based OS.
Unlike Chrome, litlOS is focused on creating a new and better web experience for the home, so we don't have the usual browser interface, we have our own innovative UI. In conjunction with easel mode (litl's inverted-V position) and our growing cohort of litl channels (special apps t...
Everyone wants to lower their capital expenditures and increase operational efficiency - it's a sign of the times. The economy of the past 12 - 18 months has forced all organizations to do more with less and become more efficient. While everyone can identify with the request to do more with less, th...
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.
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#6
finallysomesanity commented on 29 Dec 2004
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.
#5
flahwah commented on 29 Dec 2004
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!!
#4
Next Steps commented on 29 Dec 2004
So at what point does PSFT find itself de-listed on the Nasdaq? And when does the merger actually become a formal fact?
#3
businessngolf commented on 29 Dec 2004
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!!
#2
safety blanket commented on 29 Dec 2004
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?
#1
ex-Duffield commented on 29 Dec 2004
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."
finallysomesanity wrote: 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...
flahwah wrote: 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!!
businessngolf wrote: 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...
safety blanket wrote: 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 wrote: 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."
This coming Tuesday, December 8, at 2:00PM EST, SYS-CON.TV will be broadcasting live from its 4th-floor studio overlooking Times Square in New York City a very special "Power Panel" in which Cloud Computing Expo Conference Chair Jeremy Geelan and three top industry guests will be looki...
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This coming Tuesday, December 8, at 2:00PM EST, SYS-CON.TV will be broadcasting live from its 4th-floor studio overlooking Times Square in New York City a very special "Power Panel" in which Cloud Computing Expo Conference Chair Jeremy Geelan and three top industry guests will be looki...
If you are like me, you are regularly receiving unsolicited email from various quarters, telling you about the latest and greatest SEO solutions on the planet. Just buy the book, or guide, or download the promotional whitepaper and this expert will offer you the latest "Secrets" to sea...
There's a lot of talk about how we need to focus on our buyers' issues and provide them educational insights to help them learn what they need to know to make buying decisions. Heck, I say it in my book...in several places, I think. I've said it on this blog, and I'll continue to say i...
This past weekend I set out explore some of the extension capabilities of Google Wave. One of the weaknesses that have been identified by many is the lack of integration with email. For me, in particular, because Wave is new, many Waves are being orphaned as those playing and testing o...
More good news for cloud computing! Google last week released its once mysterious Chrome Operating System to open source. Chrome OS, available in 2010 – is a web-based operating system that promises to boot up super-fast on a netbook – way faster than the time it takes to start your ba...
In CloudBerry Lab we are striving to make our customer service better. In this competitive market with the abundance of free offerings this is the only way to stay afloat. One of the ways to keep customers happy is to be very responsive when it comes to support request resolution. Shou...
