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Conference ulysse::rdb_vms_competition

Title:	DEC Rdb against the World

Moderator:	HERON::GODFRIND

Created:	Fri Jun 12 1987
Last Modified:	Thu Feb 23 1995
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1348
Total number of notes:	5438

847.0. "ORACLE Canada lay offs" by TRCO01::MCMULLEN (Ken McMullen) Tue Jan 22 1991 20:42

    Rumors, Rumors, Rumors .......
    
    The latest rumour in Canada is that all Oracle employees with less than
    three years service have been laid off by Oracle Canada. I believe it
    affects all employees (eg sales, software, marketing, etc). This
    occured on Friday January 11th, 1991. First SYBASE, then ORACLE. 
    
    For those of you looking for competitve information against ORACLE and
    SYBASE should look to the Wall Street Journal. ORACLE's bankers are not
    happy again.
    
    Ken M

T.R	Title	User	Personal Name	Date	Lines
847.1	Which issue of the WSJ?	HOBBLE::LEVINE	so many notes, so little time	`Wed Jan 23 1991 00:20`	1
	Today's WSJ?
847.2	18-Jan-91	BROKE::THOMAS		`Wed Jan 23 1991 23:03`	17
	Oracle Systems - Agrees to credit line reduction {The Wall Street Journal, 18-Jan-91, p. C6} {MISG} Oracle Systems Corp., Belmont, Calif., said its bankers have cut the software company's line of credit by $80 million, to $170 million. A spokesman for Oracle said the company agreed to the reduction "in exchange for much-relaxed loan covenants." Oracle, a fast-growing supplier of database software and services, reported its first-ever quarterly loss in September, the result of weak management controls and aggressive sales tactics. But the company showed signs of rebounding earlier this month when it posted a profit of $6.7 million for its second quarter. Oracle's stock fell 87.5 cents to $5.625 in national over-the-counter trading yesterday.
847.3	feelin sorry...	16472::DAVIS	chips ahoy	`Fri Feb 08 1991 01:33`	6
	Interesting article in PCWeek about Oracle.... Ellison is shopping for a financial (Cash infusion) Partner. He owns 26% of the stock, and refuses to entertain hardware vendors as partners.... Also interesting....no Ad in Digital Review for Oracle!
847.4	Oracle bills twice	CLARID::SIELKER	Hermann S., TP/DB consult. svcs, Europe	`Fri Mar 29 1991 14:09`	14
	I thought this was the best place to add the following news item. Suggestion to mods: Change note title to something like "ORACLE Business Performance" Oracle Systems - Takes $7 million pretax charge, will restate prior results {The Wall Street Journal, 28-Mar-91, p. B12} The charge will be against the 3rd quarter. Oracle said it is increasing its reserve for uncollectable accounts by $42 million to $84 million. Seven million of that was charged to 3rd quarter results. The company said the remaining $35 million would be charged to the restated periods. Oracle said it uncovered "processing errors," such as "inadvertent duplicate billings and unlogged customer returns," which it believes materially affect previously reported financial results. A spokeswoman said the company wasn't sure how many quarters would be restated.