Oracle Completes Acquisition of Datalogix

Oracle Corp. said it has completed its purchase of Datalogix International Inc. for $8 a share, or $94 million. Datalogix, which provides software used to run manufacturing processes, has had disappointing financial results and heavy management turnover since it went public in mid-1995. For the year ended June 30, it posted a loss of $8 million, or 70 cents a share, on revenue of $49.2 million. Oracle, a Redwood Shores-based provider of software for information management, already had a 13.4% stake in the Valhalla, N.Y., company. Oracle earned $603.3 million on revenue of $4.22 billion in the year ended May 31. Its shares rose 25 cents to close at $42 on Nasdaq.