SAP Ordered to Pay Oracle Interest on Ruling

A judge orders SAP to pay an unspecified amount in interest on the $1.3 billion in damages it owes Oracle.
By Ross Tucker ,

NEW YORK (

TheStreet

) --

SAP

(SAP) - Get Report

has been ordered to pay interest on the $1.3 billion in damages it owes to

Oracle

(ORCL) - Get Report

.

Last month, after more than three weeks duking it out in a federal courthouse,

Oracle was awarded $1.3 billion in damages from SAP after it sued its rival for software theft.

Oracle was seeking more than $211 million in prejudgment interest, but SAP argued that it shouldn't owe any interest on the ruling. SAP asked the judge to use a different formula in determining any interest, a formula that seems to have been endorsed by the judge. The specific amount on interest SAP owes was not disclosed.

The

outcome of the case

ended a

headline-grabbing encounter

that saw

firebrand Oracle CEO Larry Ellison

and his CFO Safra Catz take the witness stand.

Oracle, however, was

unsuccessful in its attempts to subpoena

former SAP CEO Leo Apotheker, now in charge at

HP

(HPQ) - Get Report

, to appear in the Oakland courthouse.

In his closing argument, Oracle's lawyer demanded $1.7 billion in damages from SAP,

according to media reports

. SAP, which had already admitted the theft by its

now-defunct TomorrowNow subsidiary

, offered to pay a sum closer to $40 million.

-- Written by Ross Tucker in New York.

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