SAP Ordered to Pay Oracle Interest on Ruling
NEW YORK (
) --
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
ended a
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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