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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: SC who wrote (47353)	6/28/2000 7:37:00 PM
From: John Carragher	Read Replies (1) \| Respond to of 74651

Dow Jones Newswires -- June 28, 2000 Dow Jones Newswires Microsoft Says Oracle Reports May Be 'Tip Of Iceberg' Dow Jones Newswires REDMOND, Wash. -- Microsoft Corp. (MSFT) responded to Oracle Corp.'s (ORCL) earlier admission that Oracle investigated Microsoft funding practices, calling Oracle's actions "disturbing." In a press release Wednesday, Microsoft said competitors have tried to "unfairly tarnish" Microsoft's image and promote government intervention for their own benefit. Microsoft also said efforts by Oracle Chief Executive Larry Ellison to "justify his company's behavior," may show that today's admission is only the "tip of the iceberg" with respect to Oracle's activities. As reported, Oracle's Ellison said his company did investigate Microsoft's funding of certain lobbying groups in an effort to expose Microsoft's "covert" activities. Ellison said he discovered Tuesday that his company hired an investigative firm to push the investigation further. Although Ellison took responsibility, he said he hadn't spent much time planning an investigative strategy and said Oracle gained enough evidence to show that the advocacy groups were at times paid for by Microsoft's legal department, as well as by executives Bill Gates and Steve Ballmer. "We didn't spy," Ellison said. "We tried to expose what Microsoft was doing." Microsoft called Oracle's attacks of trade associations and public policy groups "hypocritical," noting that Oracle has funded or supported several groups that have recently attacked Microsoft. -Gregg Henglein; Dow Jones Newswires; 201-938-5400