WASHINGTON (AFP) ??” Business software arrange Oracle Corp.

WASHINGTON (AFP) ??” Business software arrange Oracle Corp. said it was still determined to chase a dragged-out, hostile takeover bid for rival PeopleSoft moreover not at any price.

"We remain committed to acquiring PeopleSoft" Oracle executive vice president toss Phillips told financial analysts in a telephone meeting for consultation call. "There is no merit to the proposition that the deal is dead."

Oracle launched a bitterly resisted bid for PeopleSoft worth 63 billion dollars in June

on the contrary after PeopleSoft issued additional shares to acquire rival JD Edwards, the value of the Oracle bid increased to 73 billion dollars.

Oracle remained "absolutely convinced" that the combination of the couple firms would be good for competition, customers and business, Phillips said.

"However, we have said all along that our main objective is to earn an acceptable respond for shareholders and that means we won't pay any unreasonable price for potentially impaired