250GB database creation

Hello all,
I am a beginner and I am lost...I'm hoping that you can help me get started on the right path...
I was asked by management to create a database with 250 GB in size. It is a data warehouse type of database that pulls data from 2 non-oracle sources weekly so that the users can generate reports from it.
It will be query only, with many large sorts. Basically, I am worried about performance and it's effects on other 2 databases on the same server (64-bit, 1 CPU, 8GB memory).
What should be the guidelines for creating:
1. Tablespaces for data (One 250GB user tablespace or multiple tablespaces?). If multiple, what is the guideline?
2. Temporary Tablespace for sorting (How much?)
3. Should I set sort_area_size higher than its default value in the init. parameter? If so, what's the guideline? Will this slow down performance of 2 other database instances?
Thank you very much in advance.
GBS

Hopefully, I have the info. you're looking for. Thanks again.
Operating System (OS) name & version for DB server system.Model: 9000/800/rp3440#1
HPUX Version: B.11.11
vendor: NETAPP
product id: LUN
iSCSI-00     B.11.11.03d
1000Base-T Gigabit Ethernet adptor (HP A6825-60101 A6825A)
SQL> SELECT * from v$version
Oracle8i Release 8.1.7.0.0 - Production
PL/SQL Release 8.1.7.0.0 - Production
CORE 8.1.7.0.0 Production
TNS for HPUX: Version 8.1.7.0.0 - Development
NLSRTL Version 3.4.1.0.0 - Production

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