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HP and Oracle Reaffirm Commitment to Partnership, Resolve Litigation Regarding Mark Hurd

HP and Oracle Corp. today reaffirmed their long-term strategic partnership and the resolution of litigation regarding Mark V. Hurd’s employment at Oracle. While the terms of the settlement are confidential, Mr. Hurd will adhere to his obligations to protect HP’s confidential information while fulfilling his responsibilities at Oracle.

 

The agreement also reaffirms HP and Oracle’s commitment to delivering the best products and solutions to our more than 140,000 shared customers.

 

Quote from HP CFO and interim CEO Cathie Lesjak:

“HP and Oracle have been important partners for more than twenty years and are committed to working together to provide exceptional products and service to our customers.  We look forward to collaborating with Oracle in the future.”

 

Quote from Oracle CEO Larry Ellison:

“Oracle and HP will continue to build and expand a partnership that has already lasted for over 25 years.”

 

More information:

HP 8-K filed with the SEC today

Press release

HP civil complaint against Hurd, filed September 7, 2010

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