Oracle Increases Share Repurchase Authorization By $4.0 Billion

    REDWOOD SHORES, Calif., April 12 /PRNewswire-FirstCall/ -- Oracle
 Corporation (Nasdaq:   ORCL) today announced that its Board of Directors has
 authorized the repurchase of up to an additional $4.0 billion of common
 stock under its share repurchase plan. With this increase, the Company
 currently has authorization to repurchase approximately $4.7 billion of
 common stock. The repurchase plan is designed to return cash to
 stockholders and offset the effects of share issuances under Oracle's stock
 option and employee stock purchase plans.
     (Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
 )
     Oracle's Board of Directors first approved a share repurchase plan in
 1992 and over the years has expanded the program several times by either
 increasing the authorized number of shares to be repurchased or by
 authorizing a fixed dollar amount expansion. From the inception of the
 program, the Company has returned approximately $25.8 billion to its
 stockholders, including approximately $3.46 billion so far in the current
 fiscal year.
     The stock repurchase authorization does not have an expiration date and
 the pace of repurchase activity will depend on factors such as working
 capital needs, cash requirements for acquisitions, repayment of debt,
 including the $1.7 billion in commercial paper issued this week to pay for
 the Hyperion acquisition, stock price, and economic and market conditions.
 Stock repurchases may be effected from time to time through open market
 purchases or pursuant to a Rule 10b5-1 plan. The stock repurchase program
 may be accelerated, suspended, delayed or discontinued at any time.
     Oracle Corporation is the world's largest enterprise software company.
 For more information about Oracle, including supplemental financial
 information, please visit Oracle on the web at www.oracle.com/investor or
 call Investor Relations at (650) 506-4073.
 
 

SOURCE Oracle Corporation
RELATED LINKS
http://www.oracle.com

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