*Update*

The application restart seems to have relieved the sluggish response on the Oracle Calendar Service. IT Services staff will continue to monitor the situation.
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Previous Description (2012-01-31 13:59:53):

The Oracle Calendar application is being restarted. Users may see a message on their desktops that "the server is no longer available." Web users may see an Internal Server Error.

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Previous Description (2012-01-31 13:34:59):

The Oracle Calendar Service is responding slowly. IT Services staff are investigating the issue.