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To: Redhook who wrote (28473)	1/4/2000 4:10:00 PM
From: U Up U Down	Respond to of 43080

Oracle dives after insiders file to sell shrs (updates stock price, adds background, changes dateline, pvs WASHINGTON) PALO ALTO, Calif., Jan 4 (Reuters) - Shares of Oracle Corp. (NasdaqNM:ORCL - news) tumbled as much as 11 percent after senior executives, including Oracle's President and Chief Operating Officer Ray Lane, filed to sell more than $112 million of stock in the world's biggest database software maker. Lane filed to sell 618,750 shares worth about $59.4 million, while Chief Financial Officer Jeff Henley filed to sell 300,000 shares valued at more than $28.9 million, Securities and Exchange Commission filings showed. The stock fell 11-1/8 to 107 in late trading that topped 27 million shares, nearly twice its average daily volume, making it the fourth most actively traded issue on the Nasdaq. Earlier, the stock touched 105. Oracle stock has surged from a 52-week low of 21 in April amid optimism companies will buy more of Oracle's database and business management software as they become e-businesses. Oracle has also put together in recent quarters a string of strong results, lending more predictability to results. Oracle officials were not immediately available to comment on the insider selling. Lane has been president and COO since July 1996 and Henley has been CFO and an executive vice president since March 1991. Both men are in their 50s. Others who plan to sell shares include executive vice presidents Pier Carlo Falotti (175,000 shares worth about $17 million) and Gary Bloom (50,000 shares for more than $4.8 million). In addition, Daniel Cooperman, Oracle's general counsel and senior vice president, filed to sell 22,370 shares for more than $2.1 million. Oracle stock surged 5 percent on Monday to a record after BancofAmerica Securities analyst Robert Austrian raised his rating on the stock to ''buy'' from ''market perform.'' The company on Dec. 14 reported second-quarter results that easily topped estimates, powered by strong sales of its market-leading database software. Oracle said net income rose 40 percent to $384 million, or 26 cents a share, from $274 million, or 19 cents a share.