This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oracle Seeks 'Billions' From Google

NEW YORK ( TheStreet) -- Oracle (ORCL - Get Report) is seeking billions of dollars in damages in the patent suit it's filed against Google (GOOG).

According to a Reuters report, Oracle is claiming that Google's Android operating system infringes on patents related to Java programming technology that Oracle owns through its acquisition of Sun Microsystems in late January 2010.

The Reuters report cited a new court filing in the U.S. District Court in San Francisco.

"The Java software platform is central to this action," Oracle said in the original court filing related to the lawsuit, which was launched shortly after the Sun deal was completed. "The patents at issue claim improvements to the Java technology."

Google has claimed that Oracle's damages report is "unreliable and results-oriented," while Oracle has accused Google of attempting to hide the fact that Oracle's proper damages are in the billions, Reuters said.

The trial related to the suit is expected to begin in November.

Oracle shares closed at $30.80, down 1.16%, as Google trades were flat at $500.37, down 0.5% on Thursday.

-- Written by Joe Deaux in New York.



>To submit a news tip, send an email to: tips@thestreet.com

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GOOG $524.05 0.00%
ORCL $43.00 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
TSLA $206.79 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs