Oracle, HP settle Hurd litigation, affirm partnership

Under the terms, Hurd will have to live up to his HP confidentiality agreement

Hewlett-Packard and Oracle have settled the lawsuit HP filed against its former CEO and current Oracle co-President Mark Hurd as well as "reaffirmed their long-term strategic partnership," the companies said Monday.

Hurd left HP last month following a scandal involving his relationship with a contractor and the alleged falsification of expense reports. He was named co-president of Oracle earlier this month, replacing Charles Phillips.

HP subsequently sued Hurd, saying that he would not be able to perform the new job without violating a confidentiality agreement tied to his severance package. Oracle CEO Larry Ellison called the suit "vindictive" and said it put the two companies' longtime relationship in jeopardy.

The settlement's terms were not disclosed. However, Hurd "will adhere to his obligations to protect HP's confidential information while fulfilling his responsibilities at Oracle," according to a statement.

Hurd received $US12.2 million in severance when he left HP and an additional tens of millions worth of stock and stock options. It's not clear if the settlement agreement has an impact on his severance package.

In addition, the companies said they plan to continue to build upon their decadeslong partnership, Ellison and interim HP CEO Cathie Lesjak said in respective statements.

Despite those niceties, the reality is that Oracle and HP are increasingly in competition with each other. This fact was underscored on Sunday, when both companies announced private cloud products for running Oracle software.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Oraclebusiness issueslegalsoftwareHewlett-Packardhardware systemspersonnelCivil lawsuits

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?