{"id":2306,"date":"2010-11-24T15:04:00","date_gmt":"2010-11-24T15:04:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/sap-owes-oracle-1-3-billion\/2301\/"},"modified":"2010-11-24T15:04:00","modified_gmt":"2010-11-24T15:04:00","slug":"sap-owes-oracle-1-3-billion","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/sap-owes-oracle-1-3-billion\/2306\/","title":{"rendered":"SAP Owes Oracle $1.3 Billion"},"content":{"rendered":"

<\/a>A long term lawsuit has finally come to an end with SAP<\/strong> (NYSE<\/a>:SAP<\/strong><\/a>) suffering a loss worth $1.3 Billion. Oracle<\/strong> (NASDAQ<\/a>:ORCL<\/strong><\/a>) won the three week long trial involving one of the biggest payouts in the software industry for something which SAP<\/strong> (NYSE<\/a>:SAP<\/strong><\/a>) maintains that it never used Oracle\u2019s (NASDAQ<\/a>:ORCL) software for commercial purposes.<\/p>\n

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SAP AG\u2019s<\/strong> (NYSE<\/a>:SAP<\/strong><\/a>) entire after tax profits for 2009 were $2 billion. Oracle<\/strong> (NASDAQ:ORCL<\/strong><\/a>) was backed by HP to claim that SAP<\/strong> (NYSE:SAP<\/strong><\/a>) stole customer support software and documents. The outcome of this verdict will be devastating for SAP<\/strong> (NYSE:SAP<\/strong><\/a>) with its stocks going for a dive as soon as the fine was announced.<\/p>\n

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