Oracle to Get Stake in Auto Parts Exchange

Oracle Corp. said it will get 2% of Covisint, an online exchange for auto parts suppliers, as part of an agreement to provide software. Oracle’s stake in Covisint matches the interest the exchange gave to Commerce One Inc., another software maker. The agreements with Oracle, the world’s No. 2 software maker, and Commerce One appear to settle some competition between the two companies to sell software to Covisint. Commerce One had been working with General Motors Corp., and Oracle with Ford Motor Co., before the auto makers decided to create Covisint with DaimlerChrysler and others. Commerce One said it will get both a portion of the fees charged to suppliers who use the site and licensing fees for its software. Oracle, which originally sought transaction revenue from Ford, decided to seek only licensing fees from Covisint. Shares of Redwood City, Calif.-based Oracle fell $2.38 to close at $28.38, and shares of Pleasanton, Calif.-based Commerce One fell $2.50 to close at $37.88, both on Nasdaq.