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Government Exhibit P3263

From: Larry Ellison [larry.ellison@oracle.com]
Sent: Thursday, June 19, 2003 10:20 PM
To: 'Jeff Henley' <Jeff.Henley@oracle.com>
Subject: RE: [Fwd: Smith Barney Initiation: SEBL (3H) - Company Transitioning As CRM Is Integrated Into ERP]

Within the year every analyst will agree that best of breed is dead -- except at dog shows.

-----Original Message-----
From: 'Jeff Henley' [mailto: Jeff.Henley@oracle.com]
Sent: Wednesday, July 23, 2003 11:37 AM
To: larry.ellison; safra.catz; Phillips,Charles; fitzgerald,Joelle
Subject: [Fwd: Smith Barney Initiation: SEBL (3H) - Company Transitioning As CRM Is Integrated Into ERP]

On a delayed basis they're starting to get it.

CONFIDENTIAL ORCL-EDOC-01?4?173