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February 17, 2014
11:20 EDTORCLCourt rules that Rimini Street infringed Oracle copyrights
On February 13, the U.S. District Court in Las Vegas entered an order granting in part Oracle's motion for summary judgment in its case against Rimini Street and its CEO, Seth Ravin. The Court ruled that Rimini Street infringed Oracle copyrights by installing PeopleSoft software on Rimini Street's computer systems in order to develop and test software updates for Rimini Street's customers. The Court rejected Rimini Street's defense that the copying was permitted by licenses held by Rimini Street's customers -- the City of Flint and Pittsburgh Public Schools. The Court also rejected Rimini Street's defense that Oracle had granted Rimini Street an implied license and ordered that partial judgment be entered in Oracle's favor. "The Court's ruling is an important vindication of Oracle's intellectual property rights," said Oracle attorney David Boies. "As the Court's ruling explains, Rimini Street has used illegal and unlicensed copies of PeopleSoft software as the basis of its business. We look forward to holding Rimini Street and Seth Ravin accountable at trial for the damages caused by their misconduct." The Court reserved for trial issues relating to certain other software and customers, and a second motion by Oracle for summary judgment on other issues remains pending.
News For ORCL From The Last 14 Days
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September 4, 2015
11:10 EDTORCLOracle volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 39, October is at 32; compared to its 52-week range of 15 to 39, suggesting large near term price movement into the expected release of Q1 results on September 16.
September 1, 2015
08:01 EDTORCLOracle granted ATO by DoD
Oracle Service Cloud has received an Authority to Operate, or ATO, from the U.S Department of Defense, or DoD, under the DoD Cloud Security Model at security impact Level 4. The Oracle Service Cloud is Oracle's premier SaaS solution providing the industry's best-in-class customer service platform for enterprise customers.
August 28, 2015
07:39 EDTORCLOracle volatility elevated into Q1 and outlook
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August 27, 2015
10:06 EDTORCLCiti sees Workday guidance confusion as opportunity to buy
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August 26, 2015
06:44 EDTORCLWorkday valuation contingent on competitors in cloud market, WSJ reports
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August 25, 2015
19:16 EDTORCLTV service Hulu to feature programmatic ads powered by Facebook, Oracle
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07:24 EDTORCLRentrak weakness a buying opportunity, says Brean Capital
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