Updated from 6:23 p.m. ESTLess than a month after closing the $10.3 billion takeover of PeopleSoft, Larry Ellison, CEO of Oracle ( ORCL), confidently declared that his company has completed the organizational integration of the two companies and that he expects to lose far fewer customers than his critics expect. "In terms of organizational changes, we are done. There is nothing left to do," he told reporters at a Tuesday press conference at Oracle's Redwood Shores, Calif., headquarters. Asked about customer losses caused by uncertainty surrounding
By 2007, "Project Fusion" an effort to combine the best features of Oracle, PeopleSoft and J.D. Edwards (now owned by PeopleSoft) will bear fruit with a number of applications. A year later, Oracle hopes to have a true suite of Fusion products on the market. The Fusion products are clearly aimed at German software giant SAP ( SAP), the only business software venture larger than the combined Oracle and PeopleSoft. As he has in the past, Ellison predicted that the further consolidation of the software industry, and said he expects Oracle's next acquisition to be friendly. Although the CEO said the major organizational task of integrating the companies was over, Oracle will wait until customers and Wall Street seem convinced, to wage another M&A battle.