SAP owes Oracle $1.3 billion
Jury says SAP owes Oracle $1.3 billion for the theft of Oracle's intellectual property by its now shuttered TomorrowNow division.
Billions or millions? That was the central question in the Oracle vs. SAP case, and in the end, the jury determined its answer to be billions with a "b." For the theft of Oracle's intellectual property by its now shuttered TomorrowNow division, SAP must pay Oracle $1.3 billion.
This is in addition to the $120 million in attorneys' fees SAP agreed to pay when the trial first began.
SAP, which believed that the damages amounted to about $28 million, had argued that Oracle was looking for an undeserved bonanza out of the jury, while Oracle contended the market value of licensing the IP was between $1.65 billion and $3 billion.
In a statement issued after the verdict, SAP was contrite:
We are, of course, disappointed by this verdict and will pursue all available options, including post-trial motions and appeal if necessary. This will unfortunately be a prolonged process and we continue to hope that the matter can be resolved appropriately without more years of litigation. The mark of a leading company is the way it handles its mistakes. As stated in court, we regret the actions of TN, we have accepted liability, and have been willing to fairly compensate Oracle. Throughout this matter, our customers, employees and partners have stood by us and, for that, we are grateful. Our focus now is looking forward, helping our customers be best run businesses, and extending our legacy of industry leadership well into the future. We thank the jury for its diligent service through this lengthy trial and the Court for its supervision of this complex case.