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.

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.

Although we have been able to meet or exceed our financial projections since Oracle launched their hostile tender offer more than a year ago, the extensive publicity of the antitrust trial during the last month of our quarter was impossible to completely overcome,

I continue to be amazed at the situational ethics, and that part of the culture of Oracle continues on. And the Chuck Phillips thing -- it's almost like the corporate equivalent of the Stockholm Syndrome.

PeopleSoft is in the market to provide the infrastructure for companies to build a collaborative network between their customers, suppliers and employees via the Internet.

Customers are using BetterWorks in a number of creative ways to reward and incentivize employees.