How do I get a particular string?

hi:

I have the following lines in a file. I want to have the value followed by the string "/status=" to be stored into an shell variable (say $stat). What is the best way to do it?

in my case, $stat should have the value "OPEN".

following is the content of the file:
-------------------------------------

Oracle Server Manager Release 3.1.6.0.0 - Production

Copyright (c) 1997, 1999, Oracle Corporation. All Rights Reserved.

Oracle8i Release 8.1.6.1.0 - Production
JServer Release 8.1.6.0.0 - Production

SVRMGR> SVRMGR> Connected.
SVRMGR> INSTSTAUS
---------------
/status=OPEN
1 row selected.
SVRMGR> SVRMGR> Server Manager complete.

export stat=`grep "/status" file | cut -d'=' -f2`

Thank you very much for the response