PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Rick who wrote (294)	3/25/1998 11:05:00 AM
From: Tom Smith	Read Replies (1) of 4509

Speaking of management quality, we now hear that Oracle Chairman Larry Ellison will be concentrating on applications now. Sounds like a company thrashing around to find a focus. Think the Oracle salespeople will be under much pressure to squeeze revenue into the current quarter? <G> Tom --------------------------------------------------------------------- Ellison Takes Over Oracle's Applications Group (03/25/98; 10:11 a.m. EST) By Shawn Willett, Computer Reseller News Oracle chairman Larry Ellison is taking over management of the Oracle Applications Group following two quarters of slower than expected growth, according to sources inside and close to the company. While senior vice president Ron Wall remains officially in charge of the group, sources said Ellison is now personally overseeing product development, marketing, and other functions in an effort to jump-start sales. "If you know your work is going to be seen by Larry, you're more apt to make sure it's perfect," said one Oracle employee, who asked not to be named. Oracle officials would not comment other than to say that Ellison was taking a more direct hand in managing the group. Ellison has his work cut out for him. In Oracle's last quarter, ended in February, sales were up 30 percent. While that is healthy, it was below internal targets. For the quarter ended in November, sales were up only 7 percent. Those growth rates were slower than Oracle's competitors in the client/server applications arena -- SAP America and Baan. Ellison has said the company hopes to someday overtake SAP in the applications arena. Ellison's personal interest in the applications group is a marked departure from his recent network computer crusade, which only indirectly affected sales of Oracle's core products.

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