ORACLE SYSTEMS CORPORATION RENAMED 'ORACLE CORPORATION'REDWOOD SHORES, Calif., June 1 /PRNewswire/ -- Oracle Systems Corporation (Nasdaq: ORCL ORCL Oracle (stock symbol) ) today announced the merger of Oracle Corporation into Oracle Systems Corporation. This transaction eliminates the holding company structure and streamlines the operating company, Oracle Corporation, with the public holding company, Oracle Systems Corporation. As part of the merger, Oracle Systems Corporation is renamed Oracle Corporation and is the surviving entity incorporated as a Delaware corporation.
While the business and management of the company will remain the same, the merger will provide significant savings in administrative costs and simplification of the corporate structure for employees, customers and other third parties. The merger and name change was effective as of the close of business May 31, 1995.
Oracle Corp., a $2 billion company with headquarters in Redwood Shores, California Redwood Shores is an upscale and desirable  waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , is the world's leading supplier of information management software. Oracle develops and markets Oracle Media Server and the Oracle7 family of software products for database management; Developer/2000 and Designer/2000, tools for enterprise-wide, client/server solutions for commercial accounting, manufacturing, distribution, government accounting, human resources and project control. Oracle software runs on personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers. The company offers its products, along with related consulting, education, and support services, in more than 90 countries around the world.
For more information about Oracle, please contact Oracle's headquarters in Redwood Shores, Calif. at (415) 506-7000. Oracle's World Wide Web server address is http://www.oracle.com/.
NOTE: Oracle is a registered trademark of Oracle Corporation. Oracle7, Oracle Media Server, Oracle Cooperative Applications, Developer/2000 and Designer/2000 are trademarks of Oracle Corporation. All other brand and product names are trademarks of their respective companies.
/CONTACT: Susan Stoney ston·ey
Variant of stony. Hirano, Public Relations, 415-506-3220, or Catherine Buan, Investor Relations, 415-506-4073, both of Oracle/
CO: Oracle Systems Corporation; Oracle Corporation ST: California IN: CPR Cardiopulmonary Resuscitation (CPR) Definition
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