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Posted Sep 18, 2002

Oracle Eyes Second-half Growth

By Staff

[From CNNmoney]

Executives of software maker Oracle Corp. on Tuesday reaffirmed Wall Street's financial expectations for its fiscal second-quarter and said they see business conditions firming during the second half of the fiscal year.

They also said they expect to continue cutting costs, with more job cuts likely in the company's international operations as it continues to struggle through what has been nearly a two-year drought in information technology (IT) spending by large corporations.

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