Tags: US | Oracle | Hurd

HP Sues Ex-CEO Hurd Over New Job at Rival Oracle

Tuesday, 07 Sep 2010 02:57 PM

Hewlett-Packard is suing former CEO Mark Hurd to stop him from taking a job at rival Oracle.

The complaint filed Tuesday in a California state court comes a day after Oracle Corp. hired Hurd as co-president to help lead the database software maker as it tries to muscle in on more of Hewlett-Packard Co.'s turf.

The lawsuit shows the growing rancor between the two companies, which are longtime partners that are now competing in the market for computer servers.

HP claims that Hurd wouldn't be able to perform the job at Oracle without spilling HP's trade secrets and violating a confidentiality agreement. Hurd signed such an agreement as part of a severance package from HP that could top $40 million.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Headline
Hewlett-Packard is suing former CEO Mark Hurd to stop him from taking a job at rival Oracle.The complaint filed Tuesday in a California state court comes a day after Oracle Corp. hired Hurd as co-president to help lead the database software maker as it tries to muscle in on...
US,Oracle,Hurd
120
2010-57-07
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved