Distributors & Manufacturers' User Group Joins in Support for PeopleSoft.Business Editors CHICAGO--(BUSINESS WIRE)--June 18, 2003 The Distributors and Manufacturers' User Group (DMUG DMUG Dispersion Model Users Group (UK) DMUG Data Management Users Group ), an independent organization of manufacturing companies, joins other industry user groups like the Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. User Group in support of PeopleSoft's (Nasdaq:PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ) Board of Directors decision to reject Oracle's hostile takeover Hostile Takeover A takeover attempt that is strongly resisted by the target firm. Notes: Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm. bid. The DMUG also declares its support for the J.D. Edwards (J.D. Edwards & Company, Denver, CO, www.jdedwards.com) A developer of multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. 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 Opportunity costs The difference in the actual performance of a particular investment and some other desired investment adjusted for fixed costs and execution costs. It often refers to the most valuable alternative that is given up. 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. For more information, please contact Bob Cerny at 630/572-3189. |
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