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Oracle Earns Neutral Rating from Zacks
2014-11-27 21:48:32| IT Services - Topix.net
's stock had its "neutral" rating restated by Zacks in a report issued on Thursday. They currently have a $44.00 target price on the stock.
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SAP settles with Oracle for USD 359 mln
2014-11-14 09:34:00| Telecompaper Headlines
(Telecompaper) Oracle and SAP have agreed to settle their long-running legal battle over software copyrights. SAP will pay Oracle USD 359 million to settle the case, the Wall Street Journal reports. The payment is much smaller than Oracle originally sought. An appeals court in August threw out a USD 1.3 billion jury award against SAP, calculating Oracle's true damages at USD 356.7 million. SAP agreed to pay that amount plus interest. The company said it had previously paid Oracle USD 120 million for legal fees and dismissal of some legal claims. Both sides issued statements expressing satisfaction with the settlement. Oracle filed suit in 2007 alleging that TomorrowNow, a company that SAP had acquired, illegally downloaded Oracle's software. SAP shut down the business and admitted liability. The litigation mainly revolved around the amount of damages SAP should pay.
SAP to pay Oracle $359M to end bitter legal battle
2014-11-14 03:58:57| Telecom - Topix.net
Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted instruction manuals and other technical information. The resolution disclosed in a Thursday court filing comes seven years after Oracle Corp. sued SAP AG for a scheme engineered by a small software services company called TomorrowNow.
SAP to pay Oracle $359M to end bitter legal battle
2014-11-14 03:45:41| IT Services - Topix.net
Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted instruction manuals and other technical information. The resolution disclosed in a Thursday court filing comes seven years after Oracle Corp. sued SAP AG for a scheme engineered by a small software services company called TomorrowNow.
Quantus puts Oracle ERP in the cloud with Tata Consultancy Services
2014-11-11 22:17:03| IT Services - Topix.net
Airline Qantas has upgraded its Oracle enterprise resource planning platform and moved it into the cloud through an IT outsourcing contract with Tata Consultancy Services . The Australian airline contracted TCS to upgrade its customised Oracle E-Business Suite to the latest version and make it available in the cloud, using a pay-as-you-go model.
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