Oracle Granted $1.3 Billion Judgement

(Ping! Zine) – A jury has recently granted judgement for Oracle that will cost SAP billions. SAP’s TomorrowNow division was found to be theft of Oracle’s intellectual property, and was ordered to pay $1.3 billion along with another $120 million in attorneys’ fees.

SAP argued in the case that damages to Oralce was only worth $28 million. In defense, Oracle claimed that the market value of licensing the IP was worth over $1.65 billion.

According to reports from cnet, SAP has released a statement after the verdict saying:

“We are, of course, disappointed by this verdict and will pursue all available options, including post-trial motions and appeal if necessary. This will unfortunately be a prolonged process and we continue to hope that the matter can be resolved appropriately without more years of litigation. The mark of a leading company is the way it handles its mistakes. As stated in court, we regret the actions of TN, we have accepted liability, and have been willing to fairly compensate Oracle. Throughout this matter, our customers, employees and partners have stood by us and, for that, we are grateful. Our focus now is looking forward, helping our customers be best run businesses, and extending our legacy of industry leadership well into the future. We thank the jury for its diligent service through this lengthy trial and the Court for its supervision of this complex case.”