Processing .....please wait.. 
The article has been forwarded.... 
News >> General >>
SAP to pay $120 Million to Oracle for software theft
By siliconindia
|
Thursday, 04 November 2010, 17:42 IST
Bangalore: SAP has agreed to pay $120 million to Oracle in its suit against SAP for software theft. SAP has admitted fault in the three and one-half year case, accepted liability and shut down its TomorrowNow subsidiary, which improperly downloaded millions of files from Oracle's customer service website.
The two companies are still fighting over the compensatory damages that SAP will have to pay, anywhere from tens of millions to billions of dollars. The trial began this week. Compensatory damages are awarded for specific losses, while punitive damages punish a defendant for wrongdoing. The agreement needs final approval by U.S. District Judge Phyllis Hamilton in Oakland, California, according to the sources.