SOURCE: Oracle Corporation

Oracle Corporation

June 30, 2016 19:14 ET

Oracle Statement

REDWOOD SHORES, CA--(Marketwired - Jun 30, 2016) -

"Five years ago, Oracle made a software development announcement which accurately reflected the future of the Itanium microprocessor. Two trials have now demonstrated clearly that the Itanium chip was nearing end of life, HP knew it, and was actively hiding that fact from its customers. Oracle never believed it had a contract to continue to port our software to Itanium indefinitely and we do not believe so today; nevertheless, Oracle has been providing all its latest software for the Itanium systems since the original ruling while HP and Intel stopped developing systems years ago. Further, it is very clear that any contractual obligations were reciprocal and HP breached its own obligations. Now that both trials have concluded, we intend to appeal both today's ruling and the prior ruling from Judge Kleinberg."
-Dorian Daley, Executive Vice President, General Counsel, and Secretary, Oracle

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    Deborah Hellinger
    Oracle Corporate Communications
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