Craig Conway Quotations

We've never considered or thought we really needed a white knight. We're a very strong, powerful company and the end result is really assured.

If a particular application has been highly customized it's almost as expensive as a brand new application.

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 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.

We knew a year ago that we'd be impacted by Y2K.

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

PeopleSoft's strong performance in this challenging economic environment is a direct result of continued market acceptance of PeopleSoft 8 enterprise applications,

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,

By making an offer with the acknowledged intent of eliminating PeopleSoft's business, Oracle seeks to disrupt PeopleSoft's efforts to complete new sales, thus, effectively damaging PeopleSoft's business even if Oracle never buys a single share of PeopleSoft stock,

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.

I could imagine no price or combination of price and other conditions to recommend accepting the offer to our shareholders,