Saturday, October 01, 2011

HP reportedy feared takeover by Oracle - Business - The Boston Globe

This should give HP enough time to further reduce its market cap before Oracle acquires and dismantles it

The company may also be inhibited by terms of an agreement, announced in September, over the appointment of Mark Hurd as a copresident of Oracle, other people said. That’s when the companies resolved the lawsuit by Hewlett-Packard, which sued on Sept. 7 to block Hurd - former CEO of Hewlett-Packard - from moving to Oracle.

The agreement included stipulations that Hurd protect Hewlett-Packard’s confidential information while fulfilling his obligations to Oracle, the companies said at the time. It also bars Oracle from attempting to acquire Hewlett-Packard until some time early next year, people familiar with the agreement said.

HP reportedy feared takeover by Oracle - Business - The Boston Globe

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