Oracle May Ask for Billions More in Legal Battle with HP

By Cindy Waxer November 05, 2010

Oracle has upped its damage estimate from $2 billion to at least $4 billion or $5 billion in a legal battle that only Aaron Sorkin could write.

Oracle’s CEO, Larry Ellison, is accusing Hewlett Packard’s incoming CEO of hatching a scheme to steal Oracle's software by rival SAP AG. SAP has admitted in court documents that it stole Oracle's software. A jury must determine how much SAP should pay Oracle to settle the case, with Oracle now seeking about $5 billion in damages and SAP aiming to settle for just tens of millions of dollars. In fact, an attorney for SAP said the company believes it owes Oracle about $40 million.

Ellison is expected to take the stand next week in what’s expected to be an entertaining performance by a flamboyant billionaire who’s known for his public outbursts.

Ellison will present evidence that HP's now CEO Leo Apotheker was involved in wrongdoing. In August, HP’s Mark Hurd resigned his position amid a sexual-harassment scandal. Oracle promptly hired him as one of its presidents. Then HP hired SAP's former CEO, Leo Apotheker, to replace Hurd and named former Oracle COO, Ray Lane, as its chairman.

Former SAP executive board member Shai Agassi has said Apotheker was one of two SAP executives put in charge of TomorrowNow, the now-defunct SAP subsidiary that improperly downloaded the stolen software, after SAP acquired it.

According to a Reuters report, in a confidential transaction, SAP has already agreed to pay Oracle $120 million toward its legal fees in exchange for Oracle taking punitive damages off the table.

Oracle and HP’s relationship has gone downhill fast. Last month, the two companies reaffirmed their long-term strategic partnerships and issued gushing press releases that read, “HP and Oracle have been important partners for more than 20 years and are committed to working together to provide exceptional products and service to our customers.”




Edited by Tammy Wolf

TechZone360 Contributing Editor

SHARE THIS ARTICLE
Related Articles

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More

TMC Launches The New Intelligence - an Unparalleled AI and Machine Learning Conference & Expo in Florida

By: TMCnet News    6/28/2018

TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…

Read More