Oracle Affirms Its Commitment To Retek Customers
2005年3月10日 - 5:43AM
PRニュース・ワイアー (英語)
Oracle Affirms Its Commitment To Retek Customers Oracle Combination
Provides Superior Strategic Fit For Customers REDWOOD SHORES,
Calif., March 9 /PRNewswire-FirstCall/ -- Following Oracle
Corporation's (NASDAQ:ORCL) announcement yesterday of a $9 per
share offer for Retek Inc. (NASDAQ:RETK), Oracle President Charles
Phillips said in an "Open Letter to Retek Customers" delivered
today that the combination of Oracle and Retek will provide deeper
and broader solutions for the companies' shared customer base.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
"There can be little debate that an Oracle combination is far more
compelling for Retek customers," Phillips said. "Together we bring
the growing resources and expertise required by the evolving retail
market. Because there is no overlap between Oracle and Retek
products, Retek customers will experience far more continuity with
an Oracle combination. We have a clear product roadmap and a well
thought through integration plan." Oracle and Retek's relationship
began in 1986. Retek's products have been engineered and optimized
for the Oracle platform, using Oracle's development tools and
industry leading database. Now, more than 80 percent of Retek
customers run Retek products on Oracle technology. Oracle and
Retek's application strategies continue to be aligned with strong
commitments to Java and open standards. In the letter, Phillips
said Oracle was committed to working with Retek to better serve the
companies' combined customer base with improved technology, service
and R&D investment. A copy of the letter is included below.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN
OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES.
THE SOLICITATION AND THE OFFER TO BUY RETEK'S COMMON STOCK WILL
ONLY BE MADE PURSUANT TO AN OFFER TO PURCHASE AND RELATED MATERIALS
THAT ORACLE CORPORATION INTENDS TO FILE ON MARCH 9, 2005.
STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS
OF THE OFFER. STOCKHOLDERS WILL BE ABLE TO OBTAIN THE OFFER TO
PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER
FREE AT THE SEC'S WEBSITE AT WWW.SEC.GOV OR FROM ORACLE
CORPORATION. Open Letter to Retek Customers and Partners March 9,
2005 Retek Customers and Partners: Yesterday, Oracle announced a
tender offer for all of the outstanding shares of Retek. Having
been engaged in due diligence with Retek since October 2004, we
firmly believe our combination represents the best outcome for you,
the customer. I have personally spent time with Retek's management
team and customers and am convinced the combination of Retek and
Oracle will significantly advance our strategy to better serve
retailers of all sizes in all geographies. We understand how
quickly your industry is moving, driven by consolidation and
competition, and amid the host of changes underway, we remain
firmly committed to the retail industry. Oracle and Retek's
relationship began in 1986. Retek's products have been engineered
and optimized for the Oracle platform, using Oracle's development
tools and industry-leading database. Now, approximately 80% of
Retek customers run their solutions on Oracle technology. Moreover,
both companies' applications strategies are aligned, with strong
commitments to Java and open standards. The combination of Retek
and Oracle will produce a number of benefits to you: -- First,
there is no product overlap between Retek and Oracle. We intend to
increase the investment in the Retek solutions to accelerate the
value of these products to your company. -- Second, you will have a
clear product roadmap on Oracle-Retek technology with a shared
vision for the future. -- Third, Oracle will continue to support
relationships with Retek's existing partners to accelerate time to
value for our mutual customers. However, these benefits do not
capture the full value of an Oracle and Retek combination. The
increased scale in R&D and the first truly integrated
application/infrastructure platform in retail will accelerate
innovation in your industry, while reducing cost and complexity. As
always, our primary goal is 100% customer satisfaction. We are
dedicated to maintaining and increasing the quality of innovation,
support and service you have come to expect from Oracle and Retek
without interruption. We look forward to strengthening our
relationship with you. Sincerely, Charles Phillips President THIS
DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO
BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE
SOLICITATION AND THE OFFER TO BUY RETEK'S COMMON STOCK WILL ONLY BE
MADE PURSUANT TO AN OFFER TO PURCHASE AND RELATED MATERIALS THAT
ORACLE CORPORATION INTENDS TO FILE ON MARCH 9, 2005. STOCKHOLDERS
SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN
IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE
OFFER. STOCKHOLDERS WILL BE ABLE TO OBTAIN THE OFFER TO PURCHASE
AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER FREE AT THE
SEC'S WEBSITE AT WWW.SEC.GOV OR FROM ORACLE CORPORATION.
http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
http://photoarchive.ap.org/ DATASOURCE: Oracle Corporation CONTACT:
Jenny Gelhausen, Director, Investor Relations, +1-650-506-8057, or
Jeff Lettes, Vice President, Corporate Communications,
+1-650-506-9564, both of Oracle Web site: http://www.oracle.com/
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