The year 2001 was an exceptional year of financial performance for PeopleSoft
, including record total revenue, record profit, and more than $500 million of generated cash. Its acquisition of Momentum complete, PeopleSoft is poised for further expansion.
MMTM). With this purchase, PeopleSoft will own the intellectual property in the products developed by Momentum and thus will no longer have any obligation to pay a royalty to Momentum on those products. The purchase option was granted to PeopleSoft in the Certificate of Incorporation of Momentum Business Applications, Inc. at the time the company was established. Under the terms of the purchase option, the total cash purchase price is expected to be approximately $90 million. This is Part One of a