The federal judge who oversaw the high-profile trial of SAP last year that
ended with the jury awarding Oracle a record $1.3 billion in damages has
overturned the decision, agreeing with the German company that the amount is
"grossly excessive" and "contrary to the weight of evidence."
She lowered the award to $272 million - all she said that Oracle had proven
at trial - and told SAP it would get a new trial just on damages if Oracle
didn't accept that amount.
Looks like it'll be back to court then, your honor.
Oracle - as you might expect - issued a statement saying, "There was
voluminous evidence regarding the massive scope of the theft, clear
involvement of SAP management in the misconduct and the tremendous value of
the IP stolen. We believe the jury got it right and we intend to pursue the
full measure of damages that we believe are owed to Oracle."
Oracle had... (more)
IBM is buying Algorithmics, the Toronto-based risk analytics firm, for $387
million cash.
Its services are used by 350 banks, investment and insurance businesses such
as Allianz, HSBC, Nomura and Société Générale.
The money will go to the Fitch Group, the credit ratings agency majority
owned by Fimalac, the Paris holding company.
The acquisition will add 900 people to IBM's Software Group.
Blue's business analytics and optimization team, the result of $14 billion
spent on 25 acquisitions the last five years, currently has more than 8,000
consultants including 200 mathematicians ... (more)
Oracle and Google may not get to go at each come Halloween depriving
onlookers of a real treat.
District Court Judge William Alsup told the pair Monday that the trial may
have to be postponed.
It all depends on whether a "large criminal" trial starts, as scheduled, on
October 17. If it doesn't then Oracle v Google will pick a jury on October 19
and the trial will start October 31.
Then on Tuesday the judge said there were going to be two Java trials: one on
liability, one on damages and that he's appointed Brigham Young University
professor of economics James R. Kearl as an inde... (more)
SCO has lost its second and what is expected to be its final appeal to the
10th Circuit in Denver or anywhere else.
Novell owns the Unix copyrights just like a Salt Lake City jury decided last
year after a two-week trial. The appeals court found that the Novell's board
"adopted a resolution approving the sale" of Unix licensing rights to SCO in
1995, but "specifically mentioned the copyrights were to be retained by
Novell."
SCO won its first appeal to Denver but lost the jury trial Denver ordered
which is why it appealed again. SCO's original case against IBM for poaching
Unix ... (more)
After shedding its stealth cocoon back in the spring when it announced it got
a $13.2 million A round, two-year-old Nutanix finally launched its
Google-like Complete Cluster on Tuesday.
It's supposed to make virtualization simple and cheap.
The thing is a modular plug-and-play building block appliance that puts
storage and compute in the same box so virtualized data centers can be built
without a SAN or NAS just like Google has been doing all these years.
The start-up says that aside from contributing pain-in-the-neck complexity
and pricey overhead to whatever it touches, pre-Inte... (more)
Sanat Vij
Fabio Violante
Adam Walczak
Jamie Brenzel
Boris Renski
Rob Rachwald
Sam Liu
Keith Jahn
Michael Raia
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