J.D. Edwards Chairman, President and Chief Executive Officer Bob Dutkowsky challenged Oracle's commitment to customer choice based on its attempted hostile takeover of PeopleSoft which, according to Dutkowsky, will sharply reduce options for business software customers and possibly violate U.S. and European antitrust laws. On June 2, 2003, J.D. Edwards entered into a definitive agreement to merge with PeopleSoft.

"Oracle's hostile tender offer for PeopleSoft will eliminate at least one of Oracle's major competitors in several market spaces to the obvious detriment of customers," said Dutkowsky.

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