Economic Development Futures Journal

Saturday, October 02, 2004

counter statistics

Will Pleasanton Lose PeopleSoft?

While PeopleSoft's busy Friday created a stir in the stock market and on newscasts, its hometown seemed to take the same approach it has since Oracle made its hostile takeover bid last year.

With 3,928 workers, PeopleSoft is Pleasanton's largest employer. It produces about $650,000 a year in property tax money. Pleasanton does not release sales tax figures by company, but it does list PeopleSoft as one its top 25 sales tax revenue producers.

Another case where there can be negative consequences to corporate M&As.

Stay tuned.

More here.

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