Speaking on behalf of 2,000 companies and 5,000 individuals, Quest joins other industry user groups in support of the merger between J.D. Edwards and PeopleSoft. "The merger would likely result in new opportunities for Quest and its members," said David Watts, Quest president. "J.D. Edwards and PeopleSoft's current product lines complement each other, and undoubtedly will add value for enterprise software users worldwide."
Quest also declared opposition to the hostile takeover bid of Oracle Corporation and supported the PeopleSoft Board of Directors in rejecting Oracle's unsolicited offer.
"We believe the Oracle (NASDAQ: ORCL) deal would significantly reduce the number and quality of choices for consumers of enterprise software and, ultimately, substantially harm the members of our organization," said Watts. "The 'sound bites' from Oracle's upper management suggest that this deal is not intended to benefit consumers by enhancing the current product offerings of either company, but rather to remove one competitor from the marketplace. The loser in the end won't be J.D. Edwards, PeopleSoft or Oracle. It will be users, such as those represented by Quest."
Quest will continue its support of J.D. Edwards users worldwide and the Board of Directors of both J.D. Edwards and PeopleSoft, and in doing so will examine all options and remedies available to it in protecting the users.
About Quest, J.D. Edwards Users Group
Quest, J.D. Edwards Users Group, serves the J.D. Edwards community as an independent, not-for-profit user group. With members in more than 50 countries and three regional/continental chapters serving Africa, Asia and Australia & New Zealand, Quest's mission is to maximize value to the global J.D. Edwards community. Quest presents user conferences throughout the world as well as Quest Global Conference (formerly known as FOCUS), which draws nearly 8,000 members of the J.D. Edwards community worldwide. For more information, visit www.questdirect.org, call 1.800.225.0517 (North America) or +1 859.226.4307, or email Email Contact.
Media Contact: Cindy Fauth DeLaine Perkins Communications Manager Executive Director 859.219.3510 859.226.4421 Email Contact Email Contact
Web site: http://www.questdirect.org/