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Short Take: Oracle slapped with shareholder lawsuit

Oracle has been hit with a shareholder lawsuit alleging that the company misrepresented the future growth of its database and applications business for the first half of 1998. Oracle's single-digit first-quarter results fell significantly below analysts' expectations, which had pegged double-digit growth for the company.

Oracle has been hit with a shareholder lawsuit alleging that the company misrepresented the future growth of its database and applications business for the first half of 1998. Oracle's single-digit first-quarter results fell significantly below analysts' expectations, which had pegged double-digit growth for the company.