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SAP AG to Pay Interest on Oracle Penalty

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SAP AG (NYSE:SAP) has been ordered to pay interest on its penalty payment to Oracle. The company had earlier been ordered to pay $1.3 billion on account of copyright infringement. However, the court has also decided that the company need not use the formula forwarded by Oracle for interest calculation.

* Oracle has asked for more than $211 million in interest payments.
* SAP AG had argued that it need not pay any interest.


SAP AG added, “While we believe that Oracle should only be awarded damages, we appreciate that the Court agreed with SAP on the proper calculation of interest in this case which dramatically lowered the amount.” The court has endorsed the formula provided by SAP, however it did not disclose the amount of interest it will have to pay. SAP has pegged the interest payment at about $16.5 million figure.

SAP AG deals in the business of computer software. The company is mainly operational in Europe, Africa and the Middle East. The company is also carrying out its operations in the Americas and Asia. SAP AG  provides various products such as Crystal Reports. The company was established in 1972 and is based out of Germany.

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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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