Thursday, June 30, 2011
Oracle derides HP chip claims (Investor's Business Daily)
Investor's Business Daily - The enterprise software giant accused Hewlett-Packard of suing Oracle (NASDAQ:ORCL - News) for simply telling customers the truth about the cloudy outlook for its high-end server chip. HP sued Oracle after the company said it would no longer make software for HP computers running Intel's (NASDAQ:INTC - News) Itanium chip, which HP helped develop. In a court filing, Oracle accused Intel of perpetuating a "myth" that there's a 10-year road map for the chip, suggesting its future is more bleak. Oracle edged up 0.3% to 32.43. HP rose 1.3% to 35.55. Intel slid 0.5% to 21.39.
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