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

To: Gator who wrote (14812)	11/17/2000 4:07:53 PM
From: Rob C.	Read Replies (2) \| Respond to of 19080

26 3/4's after hours...wow! REDWOOD SHORES, Calif., Nov. 17 /PRNewswire/ -- Oracle Corp. (Nasdaq: ORCL), the largest provider of software for e-business, today announced that Executive Vice President Gary Bloom is leaving to become CEO of VERITAS Software. "Gary is joining a key Oracle partner. With Gary at VERITAS we expect an already close relationship to grow even closer," said Larry Ellison, Chairman and CEO of Oracle Corporation. "We are very proud of Gary. He is a first rate executive, and Gary is ready to be a CEO. During his fourteen year career at Oracle he did a wonderful job for us, and I am certain that he will do a wonderful job for them." Bloom will assist in the transition of his responsibilities at Oracle until December 15th. This will ensure a smooth transfer of Gary's operational responsibilities. "In typical Gary style, this transition is being handled positively and professionally," continued Ellison. "I look forward to working with Gary in his role as CEO of one of Oracle's most important partners, and one of the Valley's most innovative companies." Bloom's responsibilities at Oracle will be split among several Oracle senior executives. "Oracle has great depth of management," said Jeff Henley, Chief Financial Officer, Oracle Corporation. "Dozens of companies in the Valley are now headed by Oracle alumni. There is no better proof of the quality of our people, or the strength of the training they get at Oracle." About Oracle Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call 650-506-7000. Trademarks Oracle is a registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners. SOURCE Oracle Corporation -0- 11/17/2000 /CONTACT: Kevin McGuirk of Oracle Corp., 650-506-8273 or kevin.mcguirk@oracle.com/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 100462/ /Web site: oracle.com (ORCL) CO: Oracle Corporation ST: California IN: CPR MLM SU: PER JO -- SFF048 -- 1442 11/17/2000 16:01 EST prnewswire.com