Oracle loses $3 billion verdict for ditching HP Itanium chip
San Jose, San Francisco: Oracle Corp. was ordered by a jury to pay $3 billion after finding that billionaire Larry Ellison and his company violated a contract to support software for Hewlett-Packard Co.’s once-promising Itanium chip. Jurors in state court in San Jose, California, reached the unanimous verdict in less than five hours of deliberations on Thursday, concluding that Oracle’s decision to bail out of an agreement to develop software for the Itanium chip hurt HP’s revenue. “Oracle’s decision to stop future software development on the Itanium server platform in March of 2011 was a clear breach of contract that caused serious damage to HP and our customers,” Hewlett Packard Enterprise Co. said in an emailed statement. “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.” Hewlett Packard Enterprise argued that by abandoning the product in 2011, the damage was already done.
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