Share

Videos

Oracle to Court: Hewlett-Packard Was Underhanded In Settleme

Financial News Network
|
September 01, 2011 AT 5:25 AM
All Things Digital reported that Oracle (NASDAQ:ORCL) is maintaining that the agreement it entered into with Hewlett-Packard (NYSE:HPQ) last year over Oracle's hiring of former HP CEO Mark Hurd, is questionable since, at the time of the agreement, Oracle did not know that HP was near to hiring Leo Apotheker as its new CEO and Ray Lane, the former CEO and Ray Lane, the former Oracle COO and president, as its new chairman.In part of that settlement there was an understanding that a long standing partnership whereby Oracle would continue making software that runs on hardware using Intel's Itanium chip.Oracle (NASDAQ:ORCL) has a potential upside of 31.4% based on a current price of $27.87 and an average consensus analyst price target of $36.63.