HP calls quick truce to Oracle lawsuit

HP today quickly dropped its planned lawsuit against Mark Hurd for joining Oracle. The PC builder said it wanted to reassert its long-term friendship with Oracle and said Hurd would agree to protect HP's secrets while continuing to work as co-president at Oracle. Neither would say what the terms were but treated it as a "settlement."

The peace follows after an initially hostile reaction that threatened to disrupt the relationship between the two for servers and database apps. HP quickly said it wanted to make amends.

Hurd originally left HP after he was accused of impropriety for both having a questionable relationship and using company expenses to hide and support his conduct. Oracle chief Larry Ellison claimed the virtually forced departure was as bad as Apple pushing out Jobs in 1985 since it cost the company a capable leader. Hurd is widely credited with having turned HP around after years of struggling.

By Electronista Staff