Larry Ellison’s unsolicited lowball bid for PeopleSoft is making them suffer a serious beatdown. He has drawn first blood and the company appears to be slowly hemorrhaging.

Oracle’s $5.1 billion dollar bid instantly devalued PeopleSoft in the eyes of the street investors, it soured the pending deal between PeopleSoft and JD Edwards, and it’s making customers cautious in buying PeopleSoft or JD Edwards products until everything pans out. We’ll see what happens.

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