Oracle Expands Stock Repurchase Program by $3 Billion

Apr 24, 2001, 01:00 ET from Oracle Corporation

    REDWOOD SHORES, Calif., April 24 /PRNewswire Interactive News Release/ --
 Today, Oracle Corporation (Nasdaq:   ORCL) announced that its Board of Directors
 has authorized the repurchase of up to an additional $3 billion of its Common
 Stock under its share repurchase plan.  The repurchase plan is designed
 primarily to offset the effects of dilution caused by share issuances under
 Oracle's stock option and employee stock purchase programs.  Oracle's Board of
 Directors first approved a repurchase plan in 1992 and over the years has
 previously authorized the repurchase of 1.096 billion shares (adjusted to
 reflect the effects of stock splits).  Stock repurchases are effected from
 time to time through open market purchases or put and call transactions.  The
 Company expects to fund the stock purchases from its cash on hand as well as
 the proceeds of share sales under its stock plans.
     Oracle Corporation is the world's second largest software company. With
 annual sales of more than $10.9 billion, Oracle provides the software that
 powers the Internet. For more information about Oracle, please call Investor
 Relations at 650-506-4073 or visit Oracle on the web at www.oracle.com.
 
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                http://tbutton.prnewswire.com/prn/11690X78606822
 
 

SOURCE Oracle Corporation
    REDWOOD SHORES, Calif., April 24 /PRNewswire Interactive News Release/ --
 Today, Oracle Corporation (Nasdaq:   ORCL) announced that its Board of Directors
 has authorized the repurchase of up to an additional $3 billion of its Common
 Stock under its share repurchase plan.  The repurchase plan is designed
 primarily to offset the effects of dilution caused by share issuances under
 Oracle's stock option and employee stock purchase programs.  Oracle's Board of
 Directors first approved a repurchase plan in 1992 and over the years has
 previously authorized the repurchase of 1.096 billion shares (adjusted to
 reflect the effects of stock splits).  Stock repurchases are effected from
 time to time through open market purchases or put and call transactions.  The
 Company expects to fund the stock purchases from its cash on hand as well as
 the proceeds of share sales under its stock plans.
     Oracle Corporation is the world's second largest software company. With
 annual sales of more than $10.9 billion, Oracle provides the software that
 powers the Internet. For more information about Oracle, please call Investor
 Relations at 650-506-4073 or visit Oracle on the web at www.oracle.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X78606822
 
 SOURCE  Oracle Corporation