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

To: DeadHead who wrote (9277)	1/5/1999 8:22:00 AM
From: Debra Orlow	Read Replies (1) \| Respond to of 19080

does anyone know what specific time this downgrade came out? thanks

To: DeadHead who wrote (9277)	1/5/1999 8:25:00 AM
From: Bipin Prasad	Read Replies (2) \| Respond to of 19080

Boeing Chooses Oracle Strategic Procurement Solution for General Procurement PR Newswire - January 05, 1999 08:16 World's Largest Aerospace Company to Deploy Web-based Purchasing System Companywide REDWOOD SHORES, Calif., Jan. 5 /PRNewswire/ -- Oracle (Nasdaq: ORCL) announced today that The Boeing Company (NYSE: BA), the world's largest aerospace company with 1997 revenues of $45.8 billion, selected Oracle(R) Strategic Procurement as the software solution to enable a fully-automated Internet-based system for all general procurement. As part of the agreement, Oracle Consulting, Oracle Education, and Oracle Support will provide Boeing with a full range of support services designed to get the system up and running quickly. Boeing Shared Services Group, which buys all goods and services that do not become part of a Boeing product, will roll out the new system companywide, replacing a variety of disparate systems with a single efficient backbone solution. The system is expected to significantly reduce the cost of general procurement at Boeing. Oracle Strategic Procurement is a seamlessly integrated suite of products that incorporates TPN Register Buyer Services, content management and electronic marketplace services from TPN Register LLC. The Oracle system will handle the complete general procurement lifecycle for Boeing, including procurement analysis, ordering, contracting, administration and payment. Boeing employees will use a Web browser to enter and automatically route requisitions in the system, as well as to track and access information on a real time basis. By replacing individual procurement transactions with a single automated system companywide, Boeing procurement professionals can better analyze supplier performance and procurement opportunities, as well as create and maintain key supplier relationships. Boeing also expects to significantly improve data collection and reporting, speed the purchasing process, and better leverage its contracts for more economical purchasing. Boeing selected the Oracle solution due to its Internet-computing architecture, robust functionality, and scalability. To deploy Oracle Strategic Procurement, the only software required for each of the system's users is a Web browser. This computing model enables significant cost and time savings in a large-scale, distributed installation. Additionally, Boeing will benefit from the tight integration between the Oracle Strategic Procurement components and the Oracle database already installed at the company. "Oracle brings to Boeing a commercial-off-the-shelf solution that offers proven technologies, minimal hardware impact, and a track record of successful use in other Fortune 500 companies," said Terry Milholland, chief information officer for The Boeing Company. "This enables us to pursue an aggressive implementation schedule in order to quickly realize the benefits of standardizing on a single system and streamlining our processes to take advantage of the software's capability." "Oracle's strategic initiative is to provide its customers with Internet- enabled applications that offer huge cost savings over client/server-based computing models," said Oracle CFO and Executive Vice President Jeff Henley. "Boeing's decision to purchase Oracle's Strategic Procurement Solution, a first in self-service purchasing applications delivered via the Internet, is proof of the company's leading edge vision in technology and business." Oracle and TPN Register Buyer Services are integrated to create a comprehensive procurement solution. To serve Boeing content management needs, TPN Register will create, host, and maintain an electronic product catalog containing contracted product and pricing information and incorporating the industry standard Thomas Register classification system. TPN Register's parent company, GE Information Services, is providing software to help manage Internet bid and award notifications with suppliers. TPN Register LLC is a leading provider of Internet-based electronic catalog solutions for indirect or MRO (maintenance, repair, and operations) purchases and is a joint venture owned by GE Information Services and Thomas Publishing. GE Information Services is a leading provider of global electronic commerce services with a trading community of more than 100,000 partners. Thomas Publishing is the leading provider of product information for industrial procurement professionals. For information about TPN Register, please call 301-255-6100. TPN Register's World Wide Web address is tpnregister.com.