Welcome!

.NET Authors: Brad Abrams, Alin Irimie, Colin Walker, Maureen O'Gara, Reuven Cohen

Related Topics: Java, SOA & WOA, .NET, Linux

Java: Article

PeopleSoft Founder: "I Didn't Come Back...to Sell to Oracle"

"PeopleSoft CEO to be Larry Ellison for Halloween?" ask industry commentators
By Jeremy Geelan
Article Rating:
October 23, 2004 12:00 AM EDT
Reads:
 12,687
"I didn't come back here to sell to Oracle," PeopleSoft co-founder Dave Duffield, who replaced Craig Conway as CEO after the PeopleSoft board delivered its ouster to Conway, wrote in a company-wide memo this week.

"Rather, I'm here to beat Oracle in the marketplace, increase our revenues, re-energize our employees, and deliver greater long-term value to our shareholders," Duffield (pictured below) continued. 

He is PeopleSoft's largest individual shareholder.

This hasn't stopped industry commentators from speculating: "PeopleSoft CEO to be Larry Ellison for Halloween?" (this was the rhetorical question asked SiliconValley.com's John Paczkowski, for example).

On Thursday PeopleSoft Inc. was able to announce better-than-expected results: a return to profit in the third quarter - compared to the third quarter last year.

The company reported third-quarter net income of $24 million (6 cents per share) compared with a loss of $7.3 million (2 cents a share) a year earlier. Those earlier poor results were the result of taking charges related to its purchase of software maker J.D. Edwards.

Revenues were $699 million, up 12 percent from a year earlier. Interestingly, license revenue, a measure of new business and often considered a key metric for software companies, was $161 million, compared with $160.5 million last year.

Published October 23, 2004 – Reads 12,687
Copyright © 2004 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Jeremy Geelan

Jeremy Geelan is Sr. Vice-President of SYS-CON Media & Events. He is Conference Chair of the all-new International Cloud Computing Conference & Expo series, of the International Virtualization Conference & Expo series, of AJAXWorld RIA Conference & Expo series, and of the long-running SOAWorld Conference & Expo series. He's founder of Cloud Computing Journal, Web 2.0 Journal, AJAX & RIA Journal and other leading SYS-CON titles. From 2000-6, as first editorial director and then group publisher of SYS-CON Media, he was responsible for the development of all new titles and i-Technology portals for the firm, and regularly represents SYS-CON at conferences and trade shows, speaking to technology audiences both in North America and overseas. He is executive producer and presenter of "Power Panels with Jeremy Geelan" on SYS-CON.TV.

Comments (2) 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
techwiz1996 10/23/04 07:26:55 AM EDT

The thing I dislike about Larry Ellison is that he wants to destroy a going concern and disrupt many, many lives (mine included) for his own personal gain. While this is the way and current state of business in this country, I believe it to be wrong. It is short sighted and will lead to us all flipping burgers for each other.
kimzachan 10/23/04 07:24:37 AM EDT

It is a joke. Craig Conway and PeopleSoft delivered this strong result, not Dave Duffield.

Dave taking over CEO role for less than a week.