April 2, 2004

Shareholders Retain Board at PeopleSoft

By DAN CARNEVALE

PeopleSoft shareholders voted overwhelmingly last week to keep their board of directors intact, delivering another blow to Oracle's $9.4-billion takeover bid for the software company.

College and university officials said they were pleased by the vote, which was seen as an expression of confidence in the board's decision to resist the takeover attempt.

Mike Ten Eyck, president of the PeopleSoft Higher Education User Group, which represents about 345 colleges that rely on

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