pending acquisition

[IMGCAP(2)]Over the last four fiscal years, Oracle has investedbillions of dollars to acquire a number of complementary companies,products, services and technologies including BEA Systems Inc.[2008], Hyperion Solutions Corp. [2007], Siebel Systems Inc. [2006]and PeopleSoft Inc. [2005]. In integrating these purchases,Oracle--over the past three years--has vacated nearly four millionsquare feet, according to its most recent annual report.

[IMGCAP(3)]"[Oracle] has a very good facilities department thatunderstands how to do this; they are very good at unloading excessspace," says Bob Garner, an executive vice president with Cornish& Carey Commercial, a major brokerage player in the market thathas worked on both sides of Oracle deals in the region. "When theymade these acquisitions they have either kept them autonomous orfolded them in completely and haven't really taken more space. Theyare very efficient in the way they take these companies down."