Oracle hits six-year high on SAP news

Oracle shares rise 1.2 per cent to $20.16 in electronic trade from a close of $19.92 on the Nasdaq.

Updated on: Jul 3, 2007, 20:33:51 IST

Reuters | By HT Correspondent, New York

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Shares of software maker Oracle Corp rose to a six-year high before the bell on Tuesday after its German rival, SAP AG, admitted a subsidiary had carried out "inappropriate downloads" of documents belonging to Oracle.

Oracle shares rose 1.2 per cent to $20.16 in electronic trade from a close of $19.92 on the Nasdaq.

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