Stock Market Watch

SAP Owes Oracle $1.3 Billion

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

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



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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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