Spin Unspun: July 2003 ; It's a case of he said, he said

"Our board of directors rejected the Oracle bid citing a wide range of reasons, including the concern of the likelihood of antitrust scrutiny." - PeopleSoft CEO Craig Conway on a June 12 conference call.

"The PeopleSoft board says they have serious antitrust concerns ... I find this very curious." - Oracle CEO Larry Ellison, on the company's fourth-quarter conference call 90 minutes after the PeopleSoft call.

Conway says the consolidation of integrated enterprise suites would raise antitrust concerns. The U.S. Department of Justice is "looking at the transaction and the investigation is continuing," says DOJ spokeswoman Gina Talamona.

By focusing on …