Items tagged with Ellison
HP has just announced that it will write off $8 billion dollars worth of goodwill due to poor performance of its Enterprise Services sector. In highly related news, the previous head of that segment, Jim Visentin, has quit to "pursue other opportunities." The move is seen as a readjustment in value of the properties HP acquired when it purchased Electronic Data Systems in 2008 for $13.2B. Do the math -- HP apparently thinks it overpaid, or is dubious of its long-term ability to compete with IBM. Visentin has been replaced by Mike Nefkens, with Jean-Jacques Charhon serving as chief operating officer for the embattled business unit. HP's $8B writeoff is an oddly high figure, given the performance...
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In the ongoing HP/Oracle lawsuit, the judge has dismissed Oracle's fraud case against HP and decided to allow the unredacted version of Oracle's claim to be published, and it's chock full of juicy bits and choice quotes. None of the newly revealed portions change Oracle's claim that HP and Intel have unnaturally extended Itanium's life, or its accusations that HP engaged in slander, but they do back up some of the company's claims. The Situation According to Oracle According to Oracle, HP has paid Intel $690 million since 2008 to continue building Itanium processors and representing the processor as alive, well, and a crucial part of Intel's roadmap. The problem HP has is that it built an ecosystem...
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The battle between HP and Oracle over the future of the Itanium processor has gotten large enough to pull Intel into the courtroom, but the CPU manufacturer successfully appealed to a judge to allow it to keep certain documents confidential rather than turning them over to Oracle. For those of you just tuning in, the entire spat kicked off when Oracle announced it was cancelling plans to support Intel's Itanium in future versions of its database software. Accusations between the two companies piled on thick and fast, with Oracle alleging that Intel's Itanium roadmap and support is the result of a secret contract with HP designed so that "HP can maintain the appearance that a dead microprocessor...
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