text: PeopleSoft Directors Reject Oracle's Offer The board of PeopleSoft Inc. Wednesday rejected Oracle Corp.'s \$24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price.&lt;br&gt;&lt;FONT face="verdana,MS Sans Serif,arial,helvetica" size="-2"\ color="#666666"&gt;&lt;B&gt; -The Washington Post&lt;/B&gt;&lt;/FONT&gt;