Well folks it looks like that whole bit of nastiness between HP and Oracle is behind them, at least for now. HP and Oracle 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.
“HP and Oracle have been important partners for more than 20 years and are committed to working together to provide exceptional products and service to our customers,” said Cathie Lesjak, chief financial officer and interim chief executive officer, HP. “We look forward to collaborating with Oracle in the future.”
As I stated a few weeks back, this is really the only way this could end and the only move that HP had, they need Oracle more than Oracle needs them.