July 23, 2010 08:42 ET

Oracle Spokesperson Clarifies Executive's Comments

REDWOOD SHORES, CA--(Marketwire - July 23, 2010) -  Oracle (NASDAQ: ORCL)

News Facts

• Clarification of executive's comments made yesterday at Fortune Brainstorm Tech 2010.
• Oracle's acquisition strategy unchanged.

"Oracle does not have a five year acquisition budget. We don't even have a one year acquisition budget. While it is highly unlikely that we will spend anything approaching $70 billion in five years, we will be opportunistic and, if market conditions warrant, we will buy additional companies that further our strategic goals and address our customers' needs," said Oracle spokesperson Karen Tillman.

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Oracle (NASDAQ: ORCL) provides the most complete, open, and integrated business software and hardware systems in the world. For more information about Oracle, visit www.oracle.com

"Safe Harbor" Statement: Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results or actions, and could cause our actual results or actual events to differ materially. A detailed discussion of such factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of the filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or at http://www.oracle.com/investor. All information set forth in this press release is current as of July 23, 2010. Oracle undertakes no duty to update any statement in light of new information or future events.

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