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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: philipah who wrote (13500)	3/17/2000 8:23:00 AM
From: Bipin Prasad	Respond to of 19080

Australian Defense Department Signs Agreement With Oracle Unit MAR 17,2000 CANBERRA -(Dow Jones)- The Australian government's defense department said Friday that Oracle Corp.'s (ORCL) Australian unit, Oracle Corporation Australia Pty Ltd., will provide the department with software and services under an agreement signed Friday. Parliamentary Secretary to the Minister for Defense Eric Abetz said in a statement that the agreement "will give Defense the right to use Oracle database software and maintain existing holdings of other Oracle software." "Defense will also have the ability to purchase additional non-database software and services under a standing offer arrangement with substantial discounts off Oracle's Australian list prices," Abetz said. The department hopes to make "significant savings" on software and support costs, he added. Abetz didn't say how much the deal was worth and a department spokesman also said he couldn't supply any commercial details on the agreement. -By Iain McDonald; 61-2-6208-0901;