SOURCE: Oracle Corporation

Oracle Corporation

November 23, 2010 19:31 ET

Oracle Issues Statement on Oracle v. SAP Verdict

REDWOOD SHORES, CA--(Marketwire - November 23, 2010) - Oracle (NASDAQ: ORCL) issued the following statement, attributable to Oracle President Safra Catz:

"For more than three years, SAP stole thousands of copies of Oracle software and then resold that software and related services to Oracle's own customers. Right before the trial began, SAP admitted its guilt and liability; then the trial made it clear that SAP's most senior executives were aware of the illegal activity from the very beginning. As a result, a United States Federal Court has ordered SAP to pay Oracle $1.3 billion. This is the largest amount ever awarded for software piracy."

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