6:16PM Oracle stipulates to accept $306 mln damages from SAP (ORCL) 29.92 -0.40 : Co and SAP today stipulated to SAP paying Oracle a damage award of $306 million in the copyright infringement suit filed by Oracle after it discovered massive downloading and copying of its intellectual property by the German software maker.
Well, they were going to pay them $ 350 million before trial. And SAP had already taken the charge on its books 2 years ago, so no impact of earnings. SAP is way smarter! Someone made a mistake, SAP admitted it, stepped up and offered to make it right. The ciurt case was a joke.