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

To: Sabrejet who wrote (6733)	4/3/1998 7:24:00 PM
From: alfred felsberger	Read Replies (2) \| Respond to of 19080

Oracle Says Sales-Force Reorganization Could Disrupt 4Q By Mark Boslet PALO ALTO (Dow Jones)--Oracle Corp. (ORCL) said a continuing sales-force reorganization could have an impact on its usually strong fourth quarter, said analysts who attended a meeting with management late Thursday. But the database maker said it expects a new version of its applications software - release 11.0 - to come out in late April or early May, according to accounts of the analysts' meeting held in San Francisco. The release could stimulate sales in this segment of the Redwood Shores, Calif., company's business. Oracle has been reorganizing its sales force to simplify its structure and to create product specialists. That reorganization could cause some disruption to the quarter, analysts describe the company as saying. But many expect cost cutting will blunt its impact on earnings, and their earnings estimates were left largely untouched. At the meeting, the company also confirmed that Chief Executive Lawrence Ellison has assumed operational responsibilities for the company's applications business. A company spokesman couldn't be immediately reached for comment. Oracle shares were off recently 1 1/2, or 5%, at 28 5/8. Nasdaq volume was 17.6 million shares compared with average daily volume of 12.6 million.