text: PeopleSoft Defies Oracle Bid, Pursues IBM &lt;p&gt;\&lt;/p&gt;&lt;p&gt; By Spencer Swartz&lt;/p&gt;&lt;p&gt; SAN FRANCISCO (Reuters) - PeopleSoft Inc. will push ahead\with a new marketing alliance with IBM and other initiatives\despite a recent court ruling that bolstered Oracle Corp.'s\\$7.7-billion hostile bid to acquire the company, PeopleSoft's\CEO said on Tuesday.&lt;/p&gt;