We believe the adverse impact to our business has been substantial, with even greater impact this past month.

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.

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.

PeopleSoft is committed to the J.D. Edwards acquisition, ... We believe that the continued execution of our strategy will create significantly higher stockholder value.

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,

atrociously bad behavior from a company with a history of atrociously bad behavior.