Pleasanton, Calif. (June 3, 2003) - Enterprise software developer PeopleSoft Inc. plans to acquire rival J.D. Edwards & Co., to create what would be the world's second largest enterprise vendor, but it's uncertain how well it will play in the middle market.

The proposed stock deal would combine Pleasanton, Calif.-based PeopleSoft, best known for human resources management tools for very large corporations, with Denver-based JDE, which focuses on manufacturing management solutions for middle market companies. The combined company's $2.8 billion in annual revenue would rank it second to Germany-based SAP AG's $8 billion; Microsoft Corp., with $25.3 billion, is the world's largest software company, but enterprise applications have not been a major part of its total.

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