Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Quick Take: When Larry Ellison Gets Stupid

Oracle (Nasdaq: ORCL  ) CEO Larry Ellison's decision to shell out billions for companies like PeopleSoft and Siebel several years ago created considerable skepticism among observers. In the end, Ellison proved that his acquisition spree was hardly crazy -- it turned out to be a brilliant strategic move that helped Oracle rejuvenate its growth. That said, Ellison's still prone to fits of seeming insanity, as his lawsuit against archrival SAP (NYSE: SAP  ) demonstrates.

Oracle is accusing SAP of "corporate theft on a grand scale" after SAP division TomorrowNow allegedly downloaded more than 10,000 documents from Oracle's support site, sometimes using fake email addresses to gain access. Attorneys from Oracle and SAP met in court this week, where Judge Martin Jenkins set the trial date for Feb. 9, 2009.

From what I can tell, the charges are fairly petty stuff, since TomorrowNow didn't take source codes, customer lists, or other critical intellectual property. Besides, Oracle's security features seem to have been laughable -- had I used a fake email address, even I could have probably gotten in.

To me, the case looks like yet another way for Ellison to pester SAP and score some PR points. That's fine, but Oracle still must deal with non-SAP competitors like IBM (NYSE: IBM  ) , Red Hat (NYSE: RHT  ) , and Cognos (Nasdaq: COGN  ) . Perhaps Ellison should spend more time getting customers, integrating acquisitions, and building new technologies, and less time devising legal strategies for an ultimately minor case.

Further Foolishness:

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 537683, ~/Articles/ArticleHandler.aspx, 10/26/2016 5:09:54 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,199.33 30.06 0.17%
S&P 500 2,139.43 -3.73 -0.17%
NASD 5,250.27 -33.13 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/26/2016 4:00 PM
ORCL $38.31 Down -0.05 -0.13%
Oracle CAPS Rating: ****
SAP $87.76 Down -0.55 -0.62%
SAP AG (ADR) CAPS Rating: ****
IBM $151.81 Up +0.93 +0.62%
IBM CAPS Rating: ****