The quarter was very strong. If we could see another good quarter of applications revenue then that would demonstrate to people that the PeopleSoft acquisition made sense.

Most of the news in terms of earnings is out there, ... If they were to lower guidance dramatically or take a much more negative tone, that would be different, but I think in light of all they've got going on with PeopleSoft they're unlikely to do that.

Oracle is betting on PeopleSoft stumbling sometime next year but that's unlikely.

Microsoft would think twice about spending more than $20 billion. The probability of a deal happening is low.

Oracle is betting on PeopleSoft stumbling sometime next year but that's unlikely,

What's interesting is that Microsoft is now more of a leverage story.