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Running Multiple DBs on the Same Server?
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Oracle ENCOURAGES multiple databases to use the same ORACLE_HOME. The only
exception is if you have different versions of the Oracle software (7.3.4
and 8.0.5 on the same server, for example).

Perhaps you are thinking of databases with the same ORACLE_SID. If two
databases are ever used by the same application, they should all have
unique ORACLE_SID values. For example, ODS_PROD, ODS_TEST, and ODS_DEV
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