Oracle Dives 16.6% as Exec Departs for Veritas

Softwaremaker

Oracle

(ORCL) - Get Report

was down 16.6% in preopen

Island

trading. Its executive vice president, Gary Bloom, is leaving to become president and CEO of storage-management softwaremaker

Veritas Software

(VRTS) - Get Report

.

Bloom led core database business and its Internet and e-business units. Veritas was up 4.5%.