HP and Oracle, who had a bitter public showoff when HP filed a lawsuit against former CEO Mark Hurd after he joined Oracle; have decided to bury the hatchet and continue with their partnership.
In a press release from HP, both HP and Oracle have reaffirmed their long-term partnership and resolved the lawsuit was filed against Mark Hurd. The terms of settlement are confidential. Mark Hurd has promised to adhere to his obligations to protect HP’s confidential information while working at Oracle.
Both the companies CEO’s quoted about the settlement:
Quote from HP CFO and interim CEO Cathie Lesjak:
HP and Oracle have been important partners for more than twenty years and are committed to working together to provide exceptional products and service to our customers. We look forward to collaborating with Oracle in the future.
Quote from Oracle CEO Larry Ellison:
Oracle and HP will continue to build and expand a partnership that has already lasted for over 25 years.