Exhibit (a)(18)

#65

FOR IMMEDIATE RELEASE

                    PEOPLESOFT BOARD OF DIRECTORS UNANIMOUSLY
                     RECOMMENDS STOCKHOLDERS REJECT ORACLE'S
                            REVISED UNSOLICITED OFFER

PLEASANTON, CALIF., JUNE 20, 2003 - PeopleSoft, Inc. (Nasdaq: PSFT) announced
today that, after careful consideration and acting upon the recommendation of a
committee of independent directors, PeopleSoft's Board of Directors voted
unanimously to recommend that PeopleSoft stockholders reject Oracle
Corporation's (Nasdaq: ORCL) revised unsolicited offer to purchase all of the
shares of PeopleSoft for $19.50 per share in cash.

In making its recommendation, the Board reiterated its previously expressed
concern that the offer is not in the best interest of the Company's
stockholders. The Board concluded that the proposed combination of PeopleSoft
and Oracle faces substantial regulatory delays and a significant likelihood that
the transaction would be prohibited. Those delays and uncertainties, combined
with Oracle's stated intentions to discontinue PeopleSoft's products, would
subject PeopleSoft's business to irreparable damage.

The Board concluded that the revised offer undervalues the Company based on its
financial performance and significant future opportunities including the value
created through the acquisition of J.D. Edwards. The Board found additional risk
to stockholders from the offer because it is highly conditional and Oracle could
withdraw it at any time.

PeopleSoft President and Chief Executive Officer Craig Conway said, "Oracle's
offer undervalues the Company and is not in the best interest of PeopleSoft
stockholders. It is highly conditional, faces significant regulatory delays and
uncertainty, and threatens serious damage to our business."

"PeopleSoft is committed to the J.D. Edwards acquisition," Conway continued. "We
believe that the continued execution of our strategy will create significantly
higher stockholder value."

Citigroup Global Markets Inc. and Goldman, Sachs & Co. are financial advisors to
PeopleSoft.

ABOUT PEOPLESOFT

PeopleSoft (Nasdaq: PSFT) is the world's leading provider of application
software for the real-time enterprise. PeopleSoft pure internet software enables
organizations to reduce costs and increase productivity by directly connecting
customers, suppliers, partners and employees to business processes on-line, in
real time. PeopleSoft's integrated, best-in-class applications include Customer
Relationship Management, Supply Chain Management, Human Capital Management,
Financial Management and Application Integration. Today more than 5,100
organizations in 140 countries run on PeopleSoft software. For more information,
visit us at www.peoplesoft.com.

ADDITIONAL INFORMATION

PeopleSoft commenced an exchange offer and filed a Schedule TO and a
registration statement on Form S-4 with the SEC on June 19, 2003 with respect to
the proposed acquisition of J.D. Edwards & Company. Solicitations and exchanges
of J.D. Edwards stock in connection with that acquisition will only be made
pursuant to the Offer to Exchange and related materials filed with the SEC.
Stockholders also should read PeopleSoft's Solicitation/Recommendation Statement
on Schedule 14D-9 and any amendments for PeopleSoft's recommendation regarding
Oracle's tender offer. Stockholders should read these documents and any
amendments because they contain important information. These filings can be
obtained without charge from the SEC at www.sec.gov and from PeopleSoft at
www.peoplesoft.com.

FORWARD LOOKING STATEMENTS

This press release may contain forward looking statements. These statements
reflect PeopleSoft's and management's current beliefs and are based on
information currently available to PeopleSoft. These statements are only
predictions and actual results may differ materially. For a more detailed
discussion of information regarding risks that may affect PeopleSoft's operating
results, please refer to PeopleSoft's most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q. Additional risks, assumptions and uncertainties
relating to the proposed acquisition of J.D. Edwards and to Oracle's tender
offer are set forth in PeopleSoft's most recent filings with the SEC. All
forward-looking statements are qualified by these cautionary statements and are
made only as of the date they are made. PeopleSoft undertakes no obligation to
update or revise these forward looking statements.

CONTACTS:

Lori Varlas                                          Steve Swasey
Investor Relations                                   Public Relations
PeopleSoft                                           PeopleSoft
(877) 528-7413                                       (925) 694-5230
lori_varlas@peoplesoft.com                           steve_swasey@peoplesoft.com