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April 28, 1994

SYBASE SEE DATABASE SOFTWARE AS A TWO HORSE RACE

By CBR Staff Writer

Sybase Inc, saying the database software market is becoming a two-horse race between itself and Oracle Corp, unveiled its goal of achieving at least 33% world-wide market share by 1995: it claims it has between 18% and 19% of the market now; chief executive Mark Hoffman said the company’s revenues grew at their fastest pace in the first quarter since 1992; the strong first-quarter results mean we are taking market share in all geographic areas, adding that Sybase hopes to be the number two database company in Europe this year; he said the firm’s success is likely to be built on its ability to bring products to market quicker and its broadening set of product offerings, with their ability to work with a variety of environments.

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