October 3, 2003

Despite Takeover Uncertainty, PeopleSoft Signs Up Colleges

By FLORENCE OLSEN

September 19 was to have been the deadline for PeopleSoft Inc. to accept the Oracle Corporation's buyout offer, which now totals about $7.3-billion. But PeopleSoft's Board of Directors rejected the bid, and Oracle officials have extended the offer.

PeopleSoft, meanwhile, has renewed a strategy of offering licensing terms that would require Oracle to refund the license fees and other expenses of new PeopleSoft customers if Oracle buys the company and discontinues its

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