Thursday, 07 October 2004 17:47

A slip of the tongue according to Conway

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In the latest instalment of the Peoplesoft-Oracle stoush, recently ousted CEO Craig Conway testified today in the Delaware Chancery Court that he did not deliberately lie when he incorrectly told analysts in September 2003 that all outstanding software orders had been completed. He admitted what he should have said was most of the orders had been completed.

Even though his ommission of the word "most" was corrected the next day in a filing to the Securities and Exchange Commission, Conway has been pilloried from all quarters for his mistake. Not only has he been sacked from his job at Peoplesoft, he has been accused of committing securities fraud in court today by Oracle's counsel. It just goes to show how extra carefully one most choose one's words when one is in the top job at a large public company.

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Stan Beer

Stan Beer has been involved with the IT industry for 39 years and has worked as a senior journalist and editor at most of the major media publications, including The Australian, Australian Financial Review, The Age, SMH, BRW, and a number of IT trade journals. He co-founded iTWire in 2004, where he was editor in chief until 2016. Today, Stan consults with iTWire News Site /Website administration, advertising scheduling, news editorial posts. In 2016 Stan was presented with a Kester Lifetime Achievement Award for his contribution to Australian IT journalism.

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