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

To: MeDroogies who wrote (7603)	6/23/1998 9:33:00 AM
From: Neil H	Read Replies (1) \| Respond to of 19080

Company Press Release SOURCE: Oracle Corp. Kaiser Permanente Selects Oracle Largest U.S. HMO Standardizes on Oracle(R) Database OAKLAND, Calif., June 23 /PRNewswire/ -- Oracle Corp. (Nasdaq: ORCL - news) today announced that Kaiser Permanente has selected Oracle to provide the national standard for Kaiser's database development efforts. The largest U.S. health maintenance organization, Kaiser Permanente is using Oracle(R) products to integrate previously disparate database systems, enabling the health-care provider to centralize clinical information as well as accounting and care management information. ''We wanted to go with a market leader that would help us map and execute our information technology strategy into the 21st century,'' said Tim Sullivan, Kaiser Permanente senior vice president and chief information officer. ''Oracle presented us with the best and most complete solution to ensure our long-term success.'' Using the Oracle8(TM) database as its corporate standard, Kaiser will implement the National Clinical Information System (NCIS), which will connect patient records and create the world's largest clinical database, enabling the best treatment decisions to be made at the point of care. Kaiser will spend more than $1 billion on NCIS during the next five years, making it the largest information technology project in the company's history. Kaiser's ability to use the Web will significantly reduce the costs of deploying applications, while bringing secure Internet access to members nationwide so they can schedule appointments and receive health-care advice online as well as search for information about the company and treatment options In addition to the Oracle8 database, Kaiser Permanente will use Oracle Parallel Server, Performance Pack and Advanced Networking Option to provide secure, high-performance computing. For integration with the Internet, Kaiser will use Oracle Application Server, Enterprise Edition, and Oracle's platform for Web-based Java applications. Kaiser is a model for integrated and coordinated care. With 8.8 million members and approximately 100,000 employees, it boasts the country's largest repository of patient information and is developing large state-of-the-art data centers through two projects -- NCIS and the National Insurance Solution (NIS). NIS will provide improved service to Kaiser members, make transactions more efficient, and consolidate dozens of systems into one program. NIS incorporates a Kaiser-designed membership and customer service system with a vendor system from Oracle partner Health Systems Design for claims, referrals, provider contract administration, benefit administration and membership. Regards Neil

To: MeDroogies who wrote (7603)	6/23/1998 12:16:00 PM
From: lml	Read Replies (2) \| Respond to of 19080

Wall Street is rarely asleep. But for ORCL's extensive franchise in database, & the "hope" that high growth can be renewed by capitalizing upon the opportunity in the applications market the stock would not even be a "hold" among some of the major brokerage firms that maintain such a rating. There is so much doom & gloom talk of ORCL's prospects going forward: inability to compete with & grow as fast as SAP, PSFT & BAANF in the applications market; forthcoming pricing pressure from MSFT with its SQL server from the low-end of the database deployments; increasing competition from IBM. We've heard it all. There's a tug of war going on right now with the valuation of ORCL's stock. There's no real consensus. The market is waiting & watching closely to see how ORCL performs in the coming Qs to get a clearer perspective how it will leverage its existing franchise to enhance growth back to the level investors have become accustomed to.