Oracle Issues Statement

REDWOOD SHORES, Calif., March 23, 2011 - “When Oracle announced it was stopping development of software for the Itanium microprocessor, HP Executive VP in charge of HP’s enterprise hardware business David Donatelli responded by saying, ‘Oracle would put enterprises and governments at risk while costing them hundreds of millions of dollars in lost productivity.’  Just the opposite is true.  Oracle has an obligation to give our customers adequate advanced notice when Oracle discontinues development on any software product or hardware platform so our customers have the information they need to plan and manage their businesses. HP is well aware that Intel's future direction is focused on X86 and that plans to replace Itanium with X86 are already in place.  HP is knowingly withholding this information from our joint Itanium customers.  While new versions of Oracle software will not run on Itanium, we will support existing Oracle/Itanium customers on existing Oracle products.  In fact, Oracle is the last of the major software companies to stop development on Itanium.” - Oracle spokesperson

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Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle and Itanium, please visit our Web site at www.oracle.com/itanium.

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