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SAP Apologizes To Oracle

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SAP AG (NYSE:SAP) Co-CEO Bill McDermott has apologized to Oracle (NASDAQ:ORCL) on behalf of its Software maintenance division.

The Software maintenance Unit of SAP illegally downloaded oracle’s software without Oracle’s authorization. SAP AG (NYSE:SAP) was sued for copyright infringement. This apology was made by the Co-CEO of SAP from the witness stand of the court.

The Software unit also known as the TomorrowNow unit has been scrapped since. The SAP AG (NYSE:SAP) CEO also accepted his companies inability in their ineffectiveness in detecting these copyright infringement. SAP AG CEO (NYSE:SAP) also declared that their company has not profited from the sales of this copyright infringement. Oracle (NASDAQ:ORCL) is demanding a compensation of around $1.7 billion for this copyright infringement.



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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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