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A committee of Hewlett-Packard directors will investigate former CEO Mark Hurd’s departure from the company amid sexual harassment allegations last year, according to a recent court filing.
The inquiry comes in the course of shareholder litigation involving the company. The investigation will be conducted by independent directors who joined HP’s board after Hurd’s departure, assisted by outside lawyers, the Jan. 14 court filing shows. Get the full story »
A federal jury has ordered SAP to pay $1.3 billion to its archenemy, Oracle, for stealing customer support documents and software in a scheme to steal customers. Get the full story »
Larry Ellison, Oracle Corp’s outspoken chief, charged that German arch-rival SAP AG stole billions of dollars of his company’s copyrighted software.
Ellison made the allegation as the the star witness in the U.S. software maker’s software-theft lawsuit, which is captivating Silicon Valley. Get the full story »
Apple Inc. is easing restrictions for building iPhone and iPad applications, a move that should allow for the use of third-party tools such as Adobe Systems’ Flash software and could ease the tension between the two companies.
Shares of Adobe surged over 12 percent at mid-afternoon on Nasdaq Thursday, after Apple announced the changes.
Apple’s about-face follows a high-profile spat with Adobe last spring that saw Steve Jobs sharply criticize Flash technology. Get the full story »
Hewlett-Packard Co. is suing former Chief Executive Mark Hurd to stop him from taking a job at rival Oracle Corp.
The complaint filed Tuesday in a California state court comes a day after Oracle hired Hurd as co-president to help lead the database software maker as it tries to muscle in on more of HP’s turf. Get the full story »
