CHICAGO - June 18, 2003 - The Distributors and Manufacturers' User Group (DMUG), an independent organization of manufacturing companies, joins other industry user groups like the Higher Education User Group in support of PeopleSoft's (Nasdaq: PSFT) Board of Directors decision to reject Oracle's hostile takeover bid. The DMUG also declares its support for the J.D. Edwards acquisition.
"The DMUG board believes that customers shouldn't be misled by Oracle's promises. Oracle must have very little respect for PeopleSoft's customers to believe that any manufacturing organization running mission-critical applications could 'gracefully' switch from one vendor's application suite to another at minimal cost. Oracle's declared strategy would cost manufacturing customers millions of dollars and disrupt their operations," said Bob Cerny, president of the DMUG. "Oracle needs to remember that many of these companies spent months comparing Oracle to PeopleSoft in their original software evaluations, and selected PeopleSoft for its superior technology, applications and customer-service culture. A migration path to Oracle is unwelcome and could create significant opportunity costs and hinder the competitiveness of these companies."
The DMUG board also applauds PeopleSoft for its integrity and careful concern for customer impact when it decided to acquire J.D. Edwards. The DMUG sees PeopleSoft's intent to acquire J.D. Edwards as a sign of continued support and investment to meet the needs of manufacturing companies.
The DMUG consists of more than 300 companies and has more than 650 members worldwide.
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For more information, please contact Bob Cerny at 630-572-3189.