Monday, December 13, 2004

Oracle: no plan to spin off JDE product lines

An alert reader pointed me to comments made last week by Oracle President Safra Catz regarding the JDE product line in particular. An article on CRN quotes her comments from a news conference at Oracle OpenWorld in San Francisco last week.
"We have no intention of spinning off Enterprise One or any of the products," Catz said. "We will bring them in, evaluate the state of the code and bring it, ultimately into a converged product line. We have no intention of spinning them off."
Catz also emphasized the need to retain the JDE development staff. She said,
"One reason we've been in a hurry is we've been concerned about the state of the J.D. Edwards intellectual properties," Catz told a packed room of journalists, partners and customers. "We are hearing about a lot of J.D. Edwards resumes on the street -- people being let go by PeopleSoft. And we want to maintain as many folks as we can. Our big worry is the intellectual property and development organization at JDEC, and our hope is it is still in a position where we can maintain it."
Based on these comments, along with consistent remarks from Larry Ellison in the conference call this morning, I withdraw my speculation about Oracle wanting to spin off the JDE product lines.

Related posts
Ellison outlines direction for PeopleSoft and JDE product lines
Oracle/PeopleSoft: deal is done
Possible outcomes of Oracle's takeover bid for PeopleSoft

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