Oracle Is Powerhouse of New Economy
PR Newswire - March 15, 2000 08:17
REDWOOD SHORES, Calif., March 15 /PRNewswire/ -- ( oracle.com ) In less than a month, software powerhouse Oracle Corp. (Nasdaq: ORCL) has taken the B2B exchange market by storm. On the heels of the announcement that Oracle will be one of the primary technology providers for the major auto industry exchange expected to serve Ford, GM and Daimler/Chrysler, Oracle has, in just the past four weeks, announced plans for major new industry exchanges -- GlobalNetXchange.com for the retail powerhouses Sears and Carrefour; RetailersMarketXchange.com for the convenience store market with Chevron and McLane, a subsidiary of Wal-Mart; fp-xchange, for the pulp and paper market with Fibermarket, and Oracle's first multi-industry, horizontal exchange for the Hong Kong and Greater China market. "In the new economy, the winning B2B play will belong to the company with the best technology and also a proven track record at building and supporting exchanges," said Ray Lane, president and COO, Oracle Corp. "There's a lot of spin in the marketplace, but Oracle is clearly leading the pack in creating solid exchanges with the leaders in their respective industries' supply chains."
NOTE: Oracle is a registered trademark of Oracle Corporation.
SOURCE Oracle Corporation
/CONTACT: Carol Sato of Oracle Corp., csato@us.oracle.com/
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