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

To: Sanjay Desai who wrote (10379)	4/7/1999 1:01:00 PM
From: Mark Palmberg	Respond to of 19079

QUIETLY LEAVING ORACLE: Network Associates is just one of several software companies suffering from a slowdown. Shares of Oracle Corp. (Nasdaq, ORCL) plummeted last month when the big supplier of software and services missed analysts' expectations. The share price fell a further 6 percent to $23.69 Tuesday at least in part because of a rumor -- which Oracle denies -- that Chief Financial Officer Jeffrey O. Henley is leaving the company. Others are being shown the door, however. An Oracle spokeswoman says the company has dismissed 170 consultants due to a slowdown in the market for enterprise resource planning software, the same ailing product line that has zapped the stocks of PeopleSoft Inc. (Nasdaq, PSFT), 76 percent below its 52-week high, and SAP AG (NYSE, SAP), down 58 percent. But the buzz around Oracle is that significantly larger numbers of consultants are on their way out. The spokeswoman said she has no knowledge of larger planned firings and that Oracle periodically rejiggers its consulting ranks to suit its markets better.