Oracle Corp has ended its talks with Gupta Corp about a potential business combination between the two companies and Oracle has divested the remaining 2.4% stake of Gupta stock it held. Between June 10 and July 14 Oracle acquired a 7.7% stake in the company. Oracle said it decided that its best strategy is to complete development of a low-end client tool as opposed to acquiring a product for this market. Its internally developed product, code named Project X, is due for production delivery in 1995. The company’s CDE product family will continue to be aimed at the mid-end to high-end of the client tool market.
