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Oracle and Retek Proclaim "Joint Vision for the Future Based on the Java Language"

Oracle's President Tells of 13,000 Developers Dedicated to Building "the Most Innovative Solutions in the Market"

As a service to readers, we bring here in full the text of an open letter just released to customers and partners by Oracle's President, Charles Phillips, now that Oracle and Retek are operating "as one " - Oracle now having accumulated, as of yesterday, 92.8% of Retek's stock.

"With Oracle and Retek now operating as one, we'd like to take this opportunity to pledge our continued commitment to the success of your business and outline some of the benefits we expect our merger will deliver.

As the retail industry continues to evolve, we believe the combination of Oracle and Retek will deliver greater value to you, our customers. By joining the talents of both organizations, the combined companies will benefit from greater scale and expertise, enabling us to accelerate and deliver innovative solutions for your business. This collective offering will now provide the retail industry with a comprehensive, complete solution that includes back office functionality for finance and human resources, among other disciplines.

As always, our primary goal is 100% customer satisfaction. Our customers will see continuity of service across both Oracle and Retek offerings. We encourage you to continue using your existing contacts for support, professional services and sales to address your ongoing needs. Retek support and development teams will remain intact and continue to deliver the quality of service and solutions you've come to expect. These teams are now backed by Oracle's support organization with 6,000 professionals worldwide, and more than 13,000 developers dedicated to building the most innovative solutions in the market.

The Retek products remain available to implement with no disruption, and the development release plans have not changed given the complementary nature of the Oracle and Retek products. Retek provides planning, merchandising, supply chain and in-store applications to retailers while Oracle provides ERP applications, middleware and database software. As a result, your existing investments are preserved. Further, you will have a clear and comprehensive product roadmap with a joint vision for the future based on the Java language and industry standards. You will also have a greater opportunity to more easily leverage our joint product offerings and draw on Oracle's traditional strength and leadership in infrastructure, which will lead to lower overall total cost of ownership.

Together, Oracle and Retek provide a more compelling one-stop shop, giving you access to a full range of integrated enterprise software solutions as you seek to simplify your existing information technology environments. This is a complete end-to-end solution - better for retail, better for you.

Please join us on Friday, April 15th at 11:00 a.m. PDT / 1:00 p.m. CDT for an online town hall meeting, when we will officially launch our combined companies and discuss the value this merger will provide. Details about the launch and other important information can be found at www.oracle.com/retek.

 We appreciate your continued support.

Charles Phillips
President
Oracle"

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Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

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