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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year? -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (289)	3/23/1999 11:46:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 1274

PeopleSoft Appoints Aneel Bhusri Vice Chairman; Move Strengthens Board of Directors PLEASANTON, Calif.--(BUSINESS WIRE)--March 23, 1999--PeopleSoft, Inc. announced the appointment of Aneel Bhusri to vice chairman of the company and the addition of Bhusri to its Board of Directors. As vice chairman, Bhusri will continue to work closely with the PeopleSoft management team and Board of Directors, and will maintain his active role in setting the strategic direction of the company. Bhusri, 33, joined PeopleSoft in 1993 and has served as senior vice president, Product Strategy, Marketing and Business Development for the past several years. Over the next few months, Bhusri will transition out of his day-to-day operating responsibilities and will focus his attention on longer term strategy, market and product issues. "Aneel is among the software industry's premiere strategists, and his elevation to vice chairman reflects the impact his contributions have had in putting PeopleSoft in the leadership position we enjoy today," said Dave Duffield, PeopleSoft president and CEO. "As vice chairman, Aneel will provide strategic direction for PeopleSoft as we focus the company on building products and services that help our customers thrive in the Internet economy." "PeopleSoft is ideally positioned to help our customers succeed in the Internet economy," Bhusri said. "With the new Internet-based products that will be delivered during 1999 and 2000, PeopleSoft has the ability to dramatically change the enterprise software industry again, just as we did during 1988 with some of the world's first client/server applications." Bhusri previously served as an associate at Norwest Venture Partners, where he identified emerging software companies for investment. He also spent several years in Morgan Stanley's corporate finance organization working with the firm's high-tech clients. He holds a master's degree in business administration from Stanford University and bachelor's of science and arts in Electrical Engineering and Economics from Brown University. In addition to PeopleSoft, Bhusri currently sits on the boards of Marimba, WiData and STC. About PeopleSoft PeopleSoft (Nasdaq;PSFT) is a global supplier of enterprise application software for business and government. PeopleSoft solutions for manufacturing, supply chain, financial, project and human resource management are used by more than 2,900 customers worldwide. Headquartered in Pleasanton, Calif., PeopleSoft employs more than 6,600 people and had 1998 revenues of $1.3 billion. PeopleSoft is on the World Wide Web at www.peoplesoft.com. Note to Editors: PeopleSoft, the PeopleSoft logo, PeopleTools, PS/nVision, PeopleCode, PeopleBooks, and Red Pepper are registered trademarks, and PeopleTalk and "We work in your world." are trademarks of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. The information contained herein is subject to change without notice. --30--rn/sf* ao/sf CONTACT: PeopleSoft, Inc. Andrew McCarthy, 925/694-2944 andrew_mccarthy@peoplesoft.com