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

To: Craig Schilling who wrote (10707)	5/13/1999 5:27:00 PM
From: John F. Dowd	Respond to of 19080

Craig: I think the tech sector was effected by this no brain decision handed down by Left Coast Judge: Court broadens class in Microsoft "permatemp" case SEATTLE, May 13 (Reuters) - In a case that could have wide ramifications for the technology industry, an appeals court has ruled that thousands of current and former Microsoft Corp. temporary and contract workers are eligible for benefits under the software giant's lucrative stock option plan. The Ninth Circuit Court of Appeals ruled late Wednesday that many temporary and contract workers who have worked at Microsoft from 1986 to the present are eligible for damages being assessed against the company in a long-running class-action lawsuit, said David Stobaugh, attorney for the plaintiffs. Microsoft had argued that as few as 145 former employees were part of the class, and a federal district judge had limited the class to workers employed at the company from 1987 to 1990. But the appeals court ruled that damages should be paid to any Microsoft temporary or contract worker who worked 20 hours per week or more for at least five months in any year since the end of 1986, Stobaugh said. The ruling could mean that well over 10,000 workers are eligible for damages in the lawsuit, he said. I am sure ORCL uses the same hiring techniques as does most of Silicon Valley. JFD