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To: Lizzie Tudor who wrote (11962)	6/6/2002 11:42:07 PM
From: stockman_scott	Respond to of 57684

An interesting article on the Internet-Bubble... Message 17569195 regards, -Scott

To: Lizzie Tudor who wrote (11962)	6/7/2002 1:48:19 PM
From: stockman_scott	Respond to of 57684

Oracle to cut up to 800 jobs - analysts PALO ALTO, Calif., June 7 (Reuters) - Software maker Oracle Corp.<ORCL.O>, which announced 200 development-job cuts in Silicon Valley earlier this week, is set to lay off as many as 600 more workers, analysts at Credit Suisse First Boston said on Friday. Citing sources, the analysts said the world's No. 2 software maker is trimming its ranks by 1 percent to 2 percent -- or about 400 to 800 total jobs. The analysts figure the reductions would save Oracle $48 million and $95 million. Officials from the company, which has about 42,000 employees worldwide, could not immediately be reached for comment. Oracle on Monday said it had eliminated 200 positions that became redundant after the company restructured its struggling applications business, which sells accounting, human resources and customer relationship management (CRM) software. The analysts said Oracle's early cuts are centered in CRM development and that additional reductions will come out of sales and marketing. "These cuts do not surprise us given (Oracle's) limited traction in CRM and the need to resize the heavy investment to the opportunity," the analysts said. The analysts reiterated their "buy" rating on Oracle shares. The stock was up around 3 percent at $8.42 in early-afternoon Nasdaq trade. ((Palo Alto bureau 1 650-461-3401 or lisa.baertlein@reuters.com)) REUTERS * end of story *