To: haqihana who wrote (44241 ) 1/11/2006 1:36:33 PM From: Lazarus_Long Read Replies (1) | Respond to of 90947 Oracle to hire 1,400 in India COMPANY LOOKS TO EXPAND WITH MID-SIZE CLIENTS By Ramola Talwar Badam Associated Press Redwood City business-software maker Oracle plans to add 1,400 employees to its sales, consulting and support operations in India as it focuses on expanding business among small and mid-size companies in the country's towns and rural areas, a company executive said Tuesday. Oracle already operates in six Indian cities and plans to set up shop in nine more in the next eight months as it adds to its existing Indian workforce of 8,600, said Derek Williams, the company's executive vice president for Asia-Pacific. ``This expansion can give us a whole wave of growth,'' Williams told reporters in Mumbai, where Oracle is hosting a two-day conference on the future of information technology. The conference began Tuesday. Oracle has invested nearly $2 billion in India, including setting up research-and-development centers in Hyderabad and Bangalore, which is its largest research facility outside the United States. The company said 17 percent of its worldwide workforce of 51,000 is employed in India. With the company looking to further expand its business, Oracle Co-president Charles Phillips told reporters, ``the infrastructure we have put in place now enables us to go beyond the metro cities.'' Also Tuesday, Oracle said it sold $5.75 billion in debt, the biggest corporate bond sale in almost two years, to fund the $5.85 billion takeover of rival San Mateo software maker Siebel Systems. The sale was increased from $5 billion. Shares of Oracle fell 26 cents, or 2 percent, to close at $12.62 Tuesday on the Nasdaq Stock Market.mercurynews.com