DALLAS, ARLINGTON, Texas, LOS ANGELES, MIAMI, REDWOOD SHORES, Calif., and BLOOMFIELD HILLS, Mich., May 4, 2000 – (http://www.oracle.com/tellmemore/?198872)

  Centex Corporation (NYSE: CTX), D.R. Horton, Inc. (NYSE: DHI), Encore Venture Partners, L.P., Kaufman and Broad Home Corporation (NYSE: KBH), Lennar Corporation (NYSE: LEN), Oracle Corporation (NASDAQ: ORCL), and Pulte Corporation (NYSE: PHM), today announced their intent to create a joint venture called HomebuildersXchange, an independent company which plans to offer the first worldwide homebuilding exchange for online commerce, collaboration, and supply chain services. The goal is to make the exchange a primary source for direct and indirect procurement of materials and labor for the founding partners, other homebuilders, trade contractors, distributors, wholesalers and manufacturers.

  The new online exchange would be powered by Oracle’s leading B2B exchange platform and technology, which will provide contract and spot buying, online auctioning and reverse auctioning. The exchange would be designed to facilitate collaborative supply chain planning functionality allowing accurate capacity and demand planning for participating trade contractors, distributors, wholesalers and manufacturers. Planned future products include hand-held wireless functionality, hosted job cost management, hosted sales force automation and other value added services for the building industry. Oracle would provide the technology, functionality and hosting platform.

  Participants would be able to buy, sell, or trade goods and services on HomebuildersXchange using standard web browsers. It is anticipated that the exchange will create significant value for its participants by eliminating inefficiencies that exist in the builder supply chain. The exchange would provide a more efficient procurement and scheduling process, which is expected to reduce purchase, fulfillment and construction cycles, administrative expenses, inventory levels, and transaction costs.

  HomebuildersXchange, scheduled to go online this summer, should revolutionize the supply chain in the highly fragmented $200 billion plus U.S. homebuilding industry. Suppliers, distributors, trade contractors and builders will be linked through a communications platform that will bring efficiencies to every participant in the construction process. This system will enable builders to increase the quality while reducing the cost and time that it takes to build a home. The ultimate beneficiary of the creation of HomebuildersXchange will be the homebuyer.

  Donald R. Horton, Chairman of D.R. Horton, Inc., said, "The formation of HomebuildersXchange is a significant event highlighting the builder’s commitment to transitioning the industry into the new economy. It will forever redefine the supply-chain process, increase collaboration with subcontractors and suppliers, and reduce supply-chain and administrative costs. We are delighted to be partners with Oracle, the leader in e-business, and the other founding builders."

  Tim Eller, Chairman of Centex Homes said, "Homebuilding is a business that will be able to take maximum advantage of the dramatic changes that supply chain management will bring to American industry. The founding partners are dedicated to working with Oracle and all of the companies that contribute to the building of a home to make HomebuildersXchange a success."

  Ray Lane, President and COO, Oracle Corp., said, "The leaders of the homebuilding industry have recognized that networking their supply chain over the Internet can drive significantly more value to their shareholders. Oracle is proud to be part of this effort. Working with our HomebuildersXchange partners, we will rapidly attain increased savings from inventory reduction and purchasing efficiency for the industry.

  Richard Beckwitt, General Partner of Encore Venture Partners, LP, said, "It has been a pleasure working with the nation’s largest builders and the world’s leading technology company in creating this exchange. HomebuildersXchange will improve the efficiency in the construction and procurement process and will provide real-time interaction and information needed by the supply chain to respond to market demands in the new economy. The exchange will be operated as a comprehensive, open-electronic marketplace available to all industry participants."

  Oracle’s electronic marketplace solution is already being adopted by some of the world’s leading B2B online exchanges. Oracle is working with Ford Motor Company, General Motors and DaimlerChrysler on the leading automotive industry exchange; GlobalNetXchange, a global retail exchange that intends to use Oracle and initially focus on the combined US$80 billion supply chain purchases of global retail leaders Carrefour and Sears; and RetailersMarketXchange, a new electronic marketplace is being established by Chevron, McLane and Oracle for the US$200 billion convenience store industry in the US. Additionally, several regional exchanges have also chosen Oracle to provide the technology, functionality and hosting platform for their online marketplaces.

  About Centex Corporation
  Centex Corporation (www.centex.com), through its subsidiaries, is one of the nation’s leading home builders, non-bank-affiliated retail mortgage lenders and commercial contractors. Centex also has operations in investment real estate and owns approximately 65% of a publicly held construction products company.

  About D.R. Horton, Inc.
   D.R. Horton, Inc. (www.drhorton.com), the third largest homebuilder in the United States, builds high quality, single-family homes designed principally for the entry-level and move-up markets. The Company builds and sells homes in 23 states and 40 markets, with a geographic presence in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. The Company also provides mortgage financing and title services. In December 1999, D.R. Horton, Inc. was named "Builder of the Year" by Professional Builder magazine.

  About Encore Venture Partners, L.P.
  Encore Venture Partners, L.P. (www.encorevp.com), founded in 1999, is a venture capital fund focused on funding technology start-up and emerging growth companies primarily in the areas of Internet and telephony infrastructure, real estate and related services, and business-to-business Internet services. Encore currently has offices in Dallas/Fort Worth, Texas and Santa Monica, California.

  About Kaufman and Broad Home Corporation
  Kaufman and Broad Home Corporation (www.kbhome.com) is one of the largest homebuilders in the United States. Headquartered in Los Angeles, the Company has operating divisions in Arizona, California, Colorado, Nevada, New Mexico and Texas. Kaufman & Broad S.A., the Company's majority owned subsidiary, is also one of the largest homebuilders in France.

  About Lennar Corporation
  Lennar Corporation (www.lennar.com), founded in 1954, is headquartered in Miami, Florida. The Company has homebuilding operations in 13 states and is one of the nation’s leading builders of quality homes for all generations, building affordable, move-up and retirement homes. The Company builds homes under the Lennar Homes, U.S. Home, Greystone Homes, Village Builders, Renaissance Homes and Winncrest Homes brand names. Lennar’s Financial Services Division provides residential mortgage services, title, closing and other ancillary services for Lennar homebuyers and other customers

  About Oracle Corp.
  Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call Oracle Public Relations at 650/506-4176.

  About Pulte Corporation
  Pulte Corporation (www.pulte.com ) is the parent of the Pulte group of companies. Pulte Home Corporation has operations in 42 markets across the United States and Puerto Rico. The Company is also the fifth largest builder in Mexico. Over its history, the Company has constructed more than 250,000 homes.

  Trademarks
   Oracle is a registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners.