Oracle Completes Purchase of Retek

Oracle Completes Purchase of Retek
Retek to Operate as Separate Business Unit of Oracle 


REDWOOD SHORES, Calif., April 11  /PRNewswire-FirstCall/ -- Oracle Corporation
(NASDAQ:ORCL) announced that it now controls approximately 94 percent of the
outstanding stock of Retek Inc. (NASDAQ:RETK), enabling it to immediately
complete its acquisition of Retek under Delaware law.  Oracle accepted for
purchase 48 million shares of Retek stock in its tender offer for all
outstanding Retek shares, which expired at 5:00 p.m., New York City time, on
Monday, April 11, 2005.  In addition, Oracle purchased a net total of 5,500,000
shares of Retek stock in market transactions at prevailing prices prior to
launching the tender offer.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )

The merger will occur on Tuesday, April 12, 2005.  All remaining outstanding
Retek shares, other than those held by Retek, Oracle or their respective
subsidiaries and stockholders who properly perfect appraisal rights under
Delaware law, will be converted in the merger into the right to receive $11.25
per share in cash.

"With our acquisition of Retek complete, Oracle is poised to provide retailers
with an unparalleled partner for information technology solutions," said
Charles Phillips, Oracle's President.

Announces Oracle Retail Global Business Unit

Oracle also announced the formation of the Oracle Retail Global Business Unit. 
"By establishing a separate business unit, we will be able to maintain the
specialization of Retek's employee base and quickly go to market in the retail
sector," stated Phillips.  "Retek's retail solutions will be brought to market
along with Oracle's E-Business Suite, Database 10g, Applications Server 10g,
and Oracle's Collaboration Suite to provide a complete solution for the retail
industry."

Customers Support 'Powerful' Joint Solution Set

"We are a long-time business partner to both Oracle and Retek. The merger will
combine two independently successful and complementary product lines into a
single, powerful solution," said Jeff Kish, senior vice president and chief
information officer, Stage Stores, Inc. "Any retailer looking for a solution
has got to consider Oracle and Retek as a front-runner."

Oracle and Retek have enjoyed a strong partnership since Retek was founded in
1986. Retek's products have been developed on Oracle's technology platform
using Oracle's development tools. Nearly 80 percent of Retek's customers run
their Retek applications on the Oracle database.

Customer Town Hall Meeting Scheduled for Friday, April 15th

Oracle President Charles Phillips will host a live online customer Town Hall
meeting on Friday, April 15 at 11 am PDT.  Join the webcast at
http://www.oracle.com/retek or dial 877-915-2768 (Int'l Number:  212-287-1615),
Passcode:  Town Hall.

Oracle is the world's largest enterprise software company. For more information
about Oracle, including supplemental financial information, please call
Investor Relations at 650-506-4073 or visit Oracle on the web at
http://www.oracle.com/investor. 

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DATASOURCE: Oracle Corporation



CONTACT:  Jeff Lettes of Oracle Corporate Communications, [phone],

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Web site:  http://www.oracle.com/ 

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