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


To: Highway Jim who wrote (8077)8/24/1998 8:26:00 AM
From: Roy F  Read Replies (1) | Respond to of 19080
 
Oracle Expands Y2K Initiative to Include Implementation Partners For the Middle Market

Overwhelming Response to FastForward Financials Y2K Offering

August 24, 1998 08:02 AM

REDWOOD SHORES, Calif., Aug. 24 /PRNewswire/ -- In response to the overwhelming demand for its Y2K initiative announced earlier this month, Oracle Corp. ORCL today announced that it has expanded the program to include several implementation partners for the middle market solution. The addition of the implementation partners gives customers the choice of using an independent integrator to provide the implementation services component of the Fast Forward Financials Y2K bundle.

Currently companies who will participate in the FastForward Y2K Financials program include AnswerThink Consulting Group, Arthur Andersen, Consulting Assistance Corporation, Core Services Corporation, Edgemark Systems, EHI Technology Partners, Grant Thornton LLP, Intelligroup, Inc., Manning & Napier Consulting Services, Micro Systems Integration, LLC, Parker Management Consultants, LTD., PRAGMATEK Consulting Group, Limited, SE Technologies, Software Support Services, Technology Solutions Company, The Summit Group Inc.

"The response to our FastForward Y2K Financials initiative has been tremendous," said Ray Lane, president and COO of Oracle Corp. "With the addition of these consulting partners, we can now provide extra capacity and implementation alternatives that can help customers become Y2K compliant quickly, typically in 60 days or less."

The Oracle implementation partners participating in this effort are a subset of Oracle's Partner program called Oracle Service Providers (OSP), certified regional and national integrators committed to the middle-market, who provide unmatched expertise in Oracle(R) Applications and methodologies, industry expertise, and overall quality of service. These partners are trained and supported by Oracle.

"We are very excited to be able to provide this network of strategic partners who can deliver a high degree of quality and performance in implementing Oracle FastForward Financials Y2K," said Valerie Borthwick, group vice president, general business consulting at Oracle Corp. "Oracle is making a significant investment in the training, certification and support of Oracle Service Providers and we look forward to the benefits they will bring to our customers."

Fast Forward Financials Y2K Program Offering for Mid-Sized Companies

Oracle's Y2K offering for mid-sized companies is called FastForward Financials Y2K. The offering includes software, consulting, education and support. For the fixed price of $300,000 the solution includes Oracle Financials(R) Release 11 suite for 25 users, comprised of Oracle General Ledger, Oracle Payables, Oracle Assets, Oracle Purchasing and Oracle Receivables. With this announcement, customers can choose either Oracle OSPs or Oracle Consulting's FastForward Financials fixed-scope implementation services which are also bundled in the solution. This approach substantially reduces the complexity of more traditional, large-scale implementations. Additionally, a tailored education package that includes five days of onsite end-user training and a one day seminar for DBAs is also bundled with this offering from Oracle. One year of OracleSILVER support that includes 24x7 global telephone support and regular account management reporting is also included. For more information on Oracle's FastForward Financials Y2K initiative, please visit oracle.com or call 1-800-633-0968 Ext. 16121.

Oracle Corporation is the world's leading supplier of software for information management, and the world's second largest software company. With annual revenues of $7.1 billion, the company offers its database, application server, tools and application products along with related consulting, education and support services, in more than 140 countries around the world.

For more information about Oracle, please call 650-506-7000. Oracle's World Wide Web address is (URL) oracle.com.

Trademarks

Oracle is a registered trademark and Oracle Financials, Oracle Consulting Services, and OracleSILVER are trademarks or registered trademarks of Oracle Corp. All other products or company names may be trademarks of their respective owners.

SOURCE Oracle Corp.




To: Highway Jim who wrote (8077)8/25/1998 1:27:00 PM
From: Uncle Frank  Read Replies (2) | Respond to of 19080
 
>>It may be a bit early, but has anybody heard anything regarding Sept. earnings?

I doubt that you'll be able to get hard info, so all that's left is speculation and rumor <g>. The report is due out on 9/16, and Zack's shows the current consensus at .16. There are 22 analysts involved, and there is quite a spread; the high estimate is .20 and the low is .11.

The guys who claim to know the elusive whisper number aren't much help either.

Whisper Number (http://www.whispernumber.com/newpage3.htm) is bearish at .12.

Earnings Whisper (http://www.earningswhispers.com/stocks.asp?symbol=orcl) is slightly bullish at .17.

ORCL posted .15 for this quarter last year; if they hit the .16 estimate, it won't do much for shareholder wealth.

Frank