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SAP to pay damages to Oracle
By Jordan Robertson |
November 25, 2010, Thursday
|
Print Edition
Print Edition
A United States federal jury has ordered SAP AG to pay US$1.3 billion to its archenemy, Oracle Corp, for stealing customer-support documents and software in a scheme to siphon off customers.
The verdict on Tuesday amounts to more than half of SAP's total profit last year and stunned the German software maker. It had only set aside US$160 million for anticipated damages, and already paid US$120 million of that to Oracle's lawyers.
The penalty is one of the largest on record for software piracy, and has the potential to reshape the business software landscape because of the extent of the damage to the pocketbook and reputation of one of its biggest players.
The verdict came after less than a full day of jury deliberations, and followed a three-week trial.
SAP expressed disappointment and said the firm will "pursue all available options ... and appeal if necessary."
The verdict on Tuesday amounts to more than half of SAP's total profit last year and stunned the German software maker. It had only set aside US$160 million for anticipated damages, and already paid US$120 million of that to Oracle's lawyers.
The penalty is one of the largest on record for software piracy, and has the potential to reshape the business software landscape because of the extent of the damage to the pocketbook and reputation of one of its biggest players.
The verdict came after less than a full day of jury deliberations, and followed a three-week trial.
SAP expressed disappointment and said the firm will "pursue all available options ... and appeal if necessary."
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