From the menu Search | Object Search, when the drop down button is used to select a prior search term, the green arrow is clicked, the search term is cleared and Toad searches for blank or null. If the same search term value is selected a second time, it will keeps the value and searches properly. This happens every time a different value than the previous is selected.
WORKAROUND:
None
STATUS:
Waiting for fix in future release of Toad for Oracle.
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