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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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July 30, 2015
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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05:29 EDTORCLOracle upgraded to Buy from Hold at Jefferies
Jefferies analysts John DiFucci and Brad Zelnick upgraded Oracle to Buy and raised their price target for shares to $50 from $41. The software giant closed yesterday up 52c to $39.80. The 12c/Exadata product cycle will keep Oracle relevant in the Cloud, the analysts tell investors in a research note. Further, alternative database technologies like Hadoop and NoSQL "are not a death knell," they write. The analysts believe that some enterprises will continue to require on-premise solutions.
July 28, 2015
05:41 EDTORCLOracle FLEXCUBE selected by Maitland Group to deliver transfer agency services
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July 27, 2015
11:01 EDTORCLFederal Court increase damages amount Oracle can seek against Rimini Street
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06:58 EDTORCLOracle using 'nuclear option' to sell its cloud products, Business Insider says
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July 23, 2015
06:32 EDTORCLOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
July 21, 2015
14:24 EDTORCLEarnings Watch: EMC reports amid M&A speculation in sector
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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July 20, 2015
07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.

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