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Apple Loses Top Lawyer

The company hires Daniel Cooperman from Oracle.
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said Daniel Cooperman, the general counsel, senior vice president and secretary at


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, will join the iPhone seller on Nov. 1 in the same capacity.

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Donald Rosenberg, Apple's current general counsel, is leaving the company to become the top lawyer at


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, where he will also hold the titles of executive vice president and corporate secretary.

Rosenberg was with Apple for under a year.

"Dan will be an excellent addition to our team and will fit right into Apple's fast-paced culture," said Steve Jobs, Apple's CEO, in a press release Friday. "Dan is a seasoned professional with extensive experience in securities compliance, intellectual property, litigation and corporate governance."

Shares of Apple were down 0.5% at $153.77. Qualcomm and Oracle were fractionally higher.