11/25/2010

Jury: SAP must pay nemesis Oracle $1.3 billion

Filed under: — By Aviran Mordo @ 7:54 am

Oracle Corp.’s courtroom clash with archenemy SAP AG has paid off handsomely.

A jury on Tuesday ordered SAP to pay $1.3 billion - more than half of its total profit last year - for a subsidiary’s skullduggery in stealing a stockpile of software and customer-support documents from password-protected Oracle websites.

The German software company was caught off guard by the size of the verdict. It had only set aside $160 million for anticipated damages, and already paid $120 million of that to Oracle’s lawyers.

 

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