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

To: Kevin Yang who wrote (6563)	3/25/1998 10:33:00 AM
From: Kevin Yang	Respond to of 19080

Ellison Takes Over Applications Group By Shawn Willett Redwood Shores, Calif 8:11 PM EST Tues., Mar. 24, 1998 .............. Oracle chairman Larry Ellison is taking over management of the Oracle Applications group, after two quarters of slower than expected growth, according to sources inside and close to the company. While senior vice president Ron Wall remains officially in charge of the group, sources said Ellison is now personally overseeing product development, marketing and other functions in an effort to jumpstart sales. "If you know your work is going to be seen by Larry your more apt to make sure its perfect," said one Oracle employee, who asked not to be named. Oracle officials would not comment other than to say that Larry was taking a more direct hand in managing the group. Ellison has his work cut out for him. In Oracle's last quarter, ended in February, sales were up 30 percent. While that is healthy it was below internal targets. For the quarter ended in November, sales were up only 7 percent. Those growth rates were slower than Oracle's competitors in the client/server applications arena - SAP America Inc. and Baan Co. Ellison has said that the company hopes to someday overtake SAP in the applications arena. Ellison's personal interest in the Applications group is a marked departure from his recent NC crusade, which only indirectly affected sales of Oracle's core products.