Ignore the high-handed legal tactics: Oracle (ORCL) remains a reliable bet, even without the $1.3B SAP (SAP) windfall. It increased earnings in 13 out 14 past quarters, has a broad portfolio of hardware and software technologies, and boasts a huge stable of customers. Oracle closed +1.6% at $27.65.
SAP's (SAP) record $1.3B fine is just the beginning of the financial damage the firm faces as its U.S. reputation sinks, along with its stock price. "Oracle (ORCL) will use the decision as a marketing tool, wielding the moral cudgel every time new contracts are negotiated," says an analyst. Premarket, SAP is -2% to $47.68, and Oracle is +1.6% to $27.65.
A federal jury awards Oracle (ORCL) $1.3B in its copyright infringement case against SAP. SAP had admitted liability by its TomorrowNow unit, which it closed in 2008, but its lawyers told the jury at trial that it should owe only some $40M in damages. ORCL +1.5%, SAP -1.4% AH.
One optimist says Research in Motion’s (RIMM) relatively untested PlayBook tablet computer could sell 3.3M units by February 2012. These sales could beat back Apple (AAPL) and Android (GOOG). The PlayBook already has SAP's (SAP) vote of confidence.
A jury began deliberations Monday afternoon to decide how much SAP (SAP -0.3%) owes Oracle (ORCL -0.9%) for software piracy. Oracle CEO Larry Ellison wanted $4B in damages - but an SAP lawyer claims that number was pulled 'out of the air.' A decision may come as early as next week.
In a vote of confidence for RIM (RIMM), SAP (SAP) says it's readying mobile versions of its business software ready for RIM's Blackberry Playbook. RIM, which lags Apple (AAPL) and Android (GOOG) on apps, is hoping a smaller but higher quality selection of business apps will let it catch up in the key tablet market.
Oracle (ORCL) called its final witness today as its case against SAP (SAP) heads to a jury. Oracle tried unsuccessfully to force Hewlett-Packard (HPQ) CEO Leo Apotheker to testify, but decided his absence would work in Oracle's favor. Oracle is seeking $1B-plus in damages, while SAP has offered $40M.
Oracle (ORCL) may skip showing a videotaped deposition of a key witness, Hewlett-Packard (HPQ) CEO Leo Apotheker, to a California jury. “Maybe we’ll just let the jury know that they’ve hidden him,” says an Oracle lawyer. Oracle is hounding Apotheker to testify against SAP (SAP).
Arguably, SAP (SAP) is $500M richer, following a judge's decision to reduce Oracle's (ORCL) requested damages from SAP's software theft to $1.6B. Oracle argued SAP's copyright infringement might have cost it as much as $4B. The case must still go before a jury, however.
Oracle (ORCL) blasted SAP's (SAP) offer to settle an ongoing software theft suit for $40M. In court today, Oracle CEO Larry Ellison said SAP could have cost Oracle as much as $4B - something SAP's lawyers doubt, as only 350 customers defected to SAP. Nevertheless, one Oracle executive said forcing SAP to pay only $40M would be a "reward for their bad behavior, frankly."
Oracle (ORCL) CEO Larry Ellison will testify next week during an ongoing trial against SAP (SAP), says an Oracle attorney. There is also a subpoena for new Hewlett-Packard (HPQ) CEO Leo Apotheker, the former head of SAP, to testify. HP has refused to accept the subpoena, claiming it amounts to harassment.
Oracle (ORCL) and SAPagree to a partial settlement in their legal dispute over theft of intellectual property. Oracle would receive $120M from SAP to cover legal costs while agreeing not to pursue punitive damages. Oracle still could pursue damages related SAP’s acknowledged copyright infringement, which could reach $2B.
SAP says it won't contest Oracle (ORCL) allegations that it contributed to copyright infringement committed by a discontinued unit, a move it hopes will prevent the upcoming trial from becoming a "media circus" focused on Larry Ellison's "obsession" with H-P's (HPQ) CEO. SAP "has finally confessed it knew about the theft all along," Oracle retorts.
Oracle's (ORCL) Larry Ellison escalates the trash talk before next week's courtroom battle against SAP. His target (again) is former SAP head Leo Apotheker, recently named CEO of Hewlett-Packard (HPQ), another Oracle archrival. Ellison suggests that H-P chairman Ray Lane is allowing Apotheker to delay his CEO start so he can avoid testifying since he can't be subpoenaed while in Europe.