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

To: mozek who wrote (47440)	7/1/2000 6:25:49 PM
From: KLP	Respond to of 74651

Hi Mozek--I know you posted this link earlier, but because articles have a short 'life' on internet, I feel that it is important that this footprint is here....I really suspect there is more to this than meets the first glance.....particularly the parts in bold (my doing...) CREDIBILITY ....and possible lack thereof now...BTW....Did any of you see the Wall Street Journal Editorial on Thursday 6/29/00...??? The Wall Street Journal DOES have credibility with the business community, and most probably anyone who is anyone in business today read that editorial....They seem to have been totally unamused with Mr. E's latest stunt! KLP This snip from the whole piece below.... While Ellison has, since Lane came on board, been responsible for Oracle's overall strategic direction, Lane has been lauded by Wall Street analysts for restoring Oracle's credibility with the investment community. Shares of Oracle rose 3-3/16 to close at 84-1/16 on Friday on the Nasdaq stock market. The stock has traded in a range between 17-5/16 and 90 in the past year. --- Oracle announced Lane's departure in a terse two-paragraph news release, well after market close on Friday, the weekend before the Independence Day Holiday in the United States. -----> Oracle Says Ray Lane Resigns As President, Coo By Duncan Martell Jun 30 11:37pm ET SAN FRANCISCO (Reuters) - Oracle Corp. (ORCL.O), the world's second-biggest software maker, said on Friday that Ray Lane its president and chief operating officer had resigned, a move that could potentially raise questions about the company's ability to compete with International Business Machines Corp. and others. Oracle spokeswoman Jennifer Glass declined to comment on why Lane, 54, was leaving his post. She also declined to comment on what his next job might be, adding that neither Chairman and Chief Executive Larry Ellison nor Lane was available for comment on the unexpected departure by Lane. ``I am grateful to Ray for all of his efforts,'' Oracle chief executive Larry Ellison said in a statement. ``He will be missed. We wish him nothing but the best.'' Glass said Lane's departure had nothing to do with the news earlier this week that Oracle had a hired a private detective agency to investigate allies and groups that support Microsoft Corp. (MSFT.O), the world's biggest software firm. Even so, Lane's departure has been rumored for months. Oracle has been a high-flyer in the technology sector for the past 18 months but Wall Street analysts have recently questioned whether the company, the world's biggest maker of database software, has already seen its best days. The company said Lane will remain on the Oracle board of directors. That he will remain on Redwood Shores, Calif.-based Oracle's board suggests, analysts said, that he may be merely taking a break from the company. Ellison, 56, has not intimated any plans of stepping down, implying that Lane would not soon rise to head Oracle. Lane, who joined Oracle eight years ago from consulting company Booz Allen & Hamilton Inc., is widely credited with helping Oracle pull itself out of aggressive sales and accounting practices in the early 1990s that dragged down its stock price. While Ellison has, since Lane came on board, been responsible for Oracle's overall strategic direction, Lane has been lauded by Wall Street analysts for restoring Oracle's credibility with the investment community. Shares of Oracle rose 3-3/16 to close at 84-1/16 on Friday on the Nasdaq stock market. The stock has traded in a range between 17-5/16 and 90 in the past year. Oracle has, in the past three years, been competing aggressively with IBM as well as Microsoft Corp. in the market for database software, which organizes and compiles vast amounts of digital data, including Web pages, information, tables and myriad other information. Oracle has also, in recent years, become a potent competitor in the market for business management software, which helps to automate human resources, payroll, supply-chain management, call center as well as sales force automation functions, as well as others. Oracle announced Lane's departure in a terse two-paragraph news release, well after market close on Friday, the weekend before the Independence Day Holiday in the United States.