Oracle To Supply Platform For Auto Makers' B2B Exchange - TheStreet

Oracle

(ORCL) - Get Report

and

Covisint

, the online auto-parts exchange set up by

General Motors

(GM) - Get Report

,

Ford

(F) - Get Report

and

DaimlerChrysler

(DCX)

, announced on Wednesday an agreement to build a business-to-business "e-hub" infrastructure.

The companies said the technology and licensing agreement will be closed in early December and will result in revenue for Oracle's fiscal third quarter ending Feb. 28, 2001. Analysts on average are expecting third-quarter revenue of $2.89 billion, compared with $2.45 billion last year, according to

First Call/Thomson Financial

.

According to terms of the deal, Oracle, which will receive an equity position in Covisint, will provide the auto-parts exchange with business-to-business software, which includes its e-business suite, technology platform and Internet developer suite. In all, Covisint said it plans to license more than 55 Oracle products.

Shares of Oracle were lately down 63 cents, or 2.04%, to $30.06 in trading on the

Nasdaq

. Oracle will announce second-quarter results on Thursday.