Oracle Threatens to Cut Ties with HPBy Jessica Davis | Posted 2010-09-07 Email Print
HP has filed suit in California Superior Court against its former CEO Mark Hurd alleging that he cannot fulfill his duties as Oracle's new president without violating his confidentiality agreements with HP. Oracle responded, threatening to cut all business ties to HP.
Oracle responded with fire and fury in a tersely worded statement, threatening to cut off all business dealings with HP.
"Oracle has long viewed HP as an important partner," said Oracle CEO Larry Ellison, in the statement. "By filing this vindictive lawsuit against Oracle and Mark Hurd, the HP board is acting with utter disregard for that partnership, our joint customers, and their own shareholders and employees. The HP Board is making it virtually impossible for Oracle and HP to continue to cooperate and work together in the IT marketplace."