Oracle is in the news again. Shortly after losing the fight to Google, HP is taking Oracle back to court, this time, HPE is trying to determine how much money Oracle owes in a suit filed by the former Hewlett-Packard for allegedly damaging its sales.
If you can remember, HP split into two companies, HPE (Hewlett Package Enterprise) which represents the software and server division for enterprises and HP Inc. representing the PC/printer division. In this case, HPE is the company suing Oracle.
So what’s the bone of contention? Apparently, Oracle decided that they would no longer create versions for Itanium, which happens to be HPE’s most expensive and sought after servers by its customers , even though it allegedly signed a contract to do so. HPE sued for breach of contract and won.
The HP representative said evidence shows Oracle (ORCL) “breached a clear contractual obligation to HP and acted in bad faith, with the intention of driving hardware sales from HP’s Itanium to Oracle’s Sun servers.”
“Oracle needs to be held accountable for its actions, which caused billions of dollars in damages to HP and significant uncertainty for our customers,” Hewlett-Packard Enterprise said in the statement.
Now, both companies are back in court to determine how much Oracle owes HP after their loss.
Meanwhile, Happy new month, guys.