PeopleSoft had 12.9 percent operating margins in 2002 and 10.1 percent for the latest reported quarter. He just bought a company [software maker J.D. Edwards] that is losing money. How is that going to get...

It’s in line with them getting the cost down to the reality of what their revenue opportunities are.

This doesn’t solve their problems long-term, but you can’t continue to run a business and ignore the fact that your top line isn’t there, so I think it’s a pragmatic move. They probably can’t cut...

He was one of my best friends. He was a great guy. He made a lot of old people happy.

It will be strange to be without him. I can’t believe he’s gone, to tell you the truth.

Our downgrade is based on the company’s preannouncement for contract revenue of $1.25 bilion-$1.3 billion. Our estimate was $1.65 billion.

Billing is a logical and complementary addition.

We now expect EPS of 15 cents a share, excluding amortization and charges. Our previous consensus level EPS estimate was 55 cents a share.