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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (54124)7/30/2002 7:26:11 PM
From: Dealer  Read Replies (1) of 65232
 
ORCL--Oracle CEO, CFO vouch for software firm's numbers

REDWOOD SHORES, Calif., July 30 (Reuters) - Larry Ellison, chief executive and co-founder of Oracle Corp.(NasdaqNM:ORCL - News), on Tuesday joined a short list of corporate chieftains who have personally certified the accuracy of their companies' financial statements.

The move comes ahead of the U.S. Securities and Exchange Commission's Aug. 14 deadline requiring chief executives to vouch for their reported numbers in the wake of several high-profile corporate collapses due to shoddy or misleading accounting practices.

Jeff Henley, the No. 2 software maker's chief financial officer, also certified the company's numbers in Tuesday's filing with the SEC.

Redwood Shores, California-based Oracle on Monday filed the results for its fiscal year ended May 31 with the SEC.

Chief executives from auto parts supplier Delphi (NYSE:DPH - News), soft drink giant PepsiCo (NYSE:PEP - News), computer services titan Electronic Data Systems (NYSE:EDS - News), and express shipper FedEx Corp. (NYSE:FDX - News) also have certified their results ahead of the SEC's deadline.
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