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

To: bob who wrote (10786)	5/20/1999 8:25:00 AM
From: OverSold	Respond to of 19080

ORCL, New Investments For Growth, Search • Feedback Front Page • Market Data • Portfolios • Mutual Funds • Personal Finance • Discussion Click Here For More Information Headlines Next Story INTERVIEW-Oracle eyes India oil,telecom for growth Reuters Story - May 19, 1999 13:24 By Biman Mukherji NEW DELHI, May 19 (Reuters) - U.S. software firm Oracle Corp said on Wednesday it will target India's oil and telecom sectors to push forward its growth plans in the country. "We see a lot of opportunity in the oil industry, as the administered price mechanism for oil products is getting dismantled," Shekhar Dasgupta, country manager of Oracle Software India, told Reuters in an interview. India announced in November 1997 a blueprint to completely decontrol the oil sector by March 2002. It gave freedom to oil firms from April 1, 1998, to set prices and independently market all products -- except petrol, kerosene, aviation fuel, diesel and liquified petroleum gas. Dasgupta said his firm had initiated talks with the oil firms to equip them with latest Enterprise Resources Planning (ERP) software. ERP software helps firms track inventory, finance, purchases, refining, marketing, despatch and personnel data on an integrated system. Dasgupta said none of the oil firms had opted for the software yet, but was hopeful of making a headway soon. "Another area of opportunity is telecommunications. New basic operators are set to come in. Internet Service Providers are looking to provide new value-added services," he said. Oracle has signed up Bharti Cellular, Essar Telecom and other firms -- operators which were among the first to provide cellular services in India. India operates one of the largest telecom networks in Asia, but with a meagre 19 million installed lines the country faces a huge shortfall in telephone connections which the government hopes to meet through private investment. Oracle is also eyeing infrastructure industries like roads, ports, power projects and airports as well as consumer goods and other manufacturing industries. Oracle India has so far signed up about 12,000 customers logging a steady 40 percent year-on-year growth in 1998/99. Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Headlines Next Story -------------------------------------------------------------------------------- %IN %EMRG %AIR %ENR %SHP %US ORCL V%REUTER P%RTR Search news for: Search by:Keyword Ticker Search Keyword examples: "general motors", bio technology and venture, yen Symbol: Click Here For More Information News Front Page • News Index • Headlines • NewsGuide • Search • Newsroom Staff Data & Tools Market Data • Market Monitor • Charting • Portfolios • Discussion • Trading Center Topics Mutual Funds • Personal Finance Company Company Information • Advertising • Media Kit • Feedback Services MarketWatch RT • MarketWatch Live © 1997-1999 MarketWatch.com, Inc. All rights reserved. Disclaimer. CBS and the CBS "eye device" are registered trademarks of CBS Inc.