NEW YORK (
) -- It was an eventful week for database giant
(ORCL - Get Report)
won $1.3 billion
in software theft-related damages from rival
(SAP - Get Report)
followed more than three weeks of courtroom tussles between the database giant and SAP, a
that even saw
firebrand Oracle CEO Larry Ellison
take the witness stand.
Oracle, however, was
unsuccessful in its attempts to subpoena
former SAP CEO Leo Apotheker, now in charge at
(HPQ - Get Report)
, to appear in the Oakland, Calif. courthouse.
|Oracle CEO, Larry Ellison
Oracle's victory meant a happy Thanksgiving for Larry Ellison, as well as his company's shareholders. Pat Walravens, an analyst at JMP Securities, said the award represents a benefit of about 25 cents per share for Oracle shareholders, while SAP investors stand to lose $1.20 a share on full-year earnings.
Oracle shares closed down 25 cents, or 0.90%, on Friday, at $27.49. SAP's stock closed up 25 cents, or 0.68%, at $36.51.
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On Monday, HP reported solid fourth-quarter earnings, and new CEO Leo Apotheker
showed his funny side
in response to a question from
comfortably beat Wall Street's estimates
Like its PC rival
, HP noted an
enterprise IT refresh
. HP also gave healthy guidance and appears to be ramping up the pressure on rivals
with its networking and server products.
Apotheker also explained that HP will be increasing its R&D. The company's R&D outlay grew to $814 million from $704 in the prior year's quarter, and the new CEO said that savings from HP's ongoing efforts to streamline its business will fund additional research.
"There is always an opportunity to drive more productivity," he said during the analyst conference call. "We will use some of the savings that we generate from our efficiency initiative to invest more in R&D."
HP shares closed down 54 cents, or 1.25%, at $43.20 on Friday.