Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Oracle : Supreme Court to Hear Google Appeal of Oracle Win in Copyright Case--2nd Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/15/2019 | 07:11pm EST

By Brent Kendall and Jess Bravin

WASHINGTON -- The Supreme Court agreed to hear an appeal by Alphabet Inc.'s Google, challenging its loss to Oracle Corp. in a copyright case that could produce a multibillion-dollar verdict and have wide ramifications for the software industry.

The court on Friday announced its review in a brief written order. The case dates back to 2010, when Oracle alleged Google's Android smartphone-operating system infringed on copyrights related to Oracle's Java platform -- technology Oracle acquired when it bought Sun Microsystems Inc. that year.

An appeals court last year rejected Google's defenses and set new legal proceedings for how much it owes Oracle in damages. Oracle previously has sought as much as $9 billion.

The litigation focuses on a key issue in the tech industry: How software developers use application-program interfaces, or APIs, prewritten packages of computer code that allow programs, websites or apps to talk one another.

Oracle alleged Google illegally copied more than 11,000 lines of Java API code to develop its Android operating system, which runs more than 2 billion mobile devices world-wide. It also accused Google of seeking to weaken important legal protections for software.

"Oracle spent years and hundreds of millions of dollars writing a blockbuster work -- a software platform," the company said in a court brief. "Google then refused Oracle's offer of a license and copied the most recognizable portions of that work into a competing platform."

On Friday, Oracle said it is "confident the Supreme Court will preserve long established copyright protections for original software and reject Google's continuing efforts to avoid responsibility for copying Oracle's innovations."

Google argued Oracle shouldn't be able to assert copyrights on basic software commands. An Oracle win "will upend the longstanding expectation of software developers that they are free to use existing software interfaces to build new computer programs," Google said in its petition seeking Supreme Court review.

"We hope that the court reaffirms the importance of software interoperability in American competitiveness," said Kent Walker, Google senior vice president for global affairs.

The case went to trial twice. In the last round, jurors accepted Google's arguments that its copying of the Java code was fair use, but the U.S. Court of Appeals for the Federal Circuit overturned that conclusion last year.

"There is nothing fair about taking a copyrighted work verbatim and using it for the same purpose and function as the original in a competing platform," the appeals court said.

The Supreme Court took the case against the advice of the Justice Department, which argued there was no need for the justices to intervene. U.S. Solicitor General Noel Francisco said in a court brief that Oracle's code was eligible for copyright protection. Mr. Francisco said the lower court's ruling on fair use wasn't "free from doubt," but argued this particular case wasn't the best opportunity for the high court to flesh out that area of the law.

An array of tech companies and trade associations urged the high court to hear the case, including Microsoft Corp., which said the lower court's limited view on the fair use of computer code threatened innovation in software production, which "is often a highly collaborative process in which many different players participate."

The justices also said Friday they would consider whether military personnel could be charged with rapes allegedly committed before 2006, when Congress amended the Uniform Code of Military Justice to clarify that a five-year statute of limitations didn't apply.

Earlier this year, the U.S. Court of Appeals for the Armed Forces overturned several courts-martial of Air Force supervisors who were charged more than five years after allegedly raping women trainees. The issue arose because of a complicated interplay between civilian and military law that the appeals court found created a gap in congressional authorization for rape charges to be filed without regard to when the crime took place.

In February, the military appeals court held that the default statute of limitations, five years, applied to several convictions before it. On appeal to the Supreme Court, the government disagreed.

Moreover, the government said, there were particular reasons the time bar was inappropriate for the military, including that the hierarchical nature of the armed forces exacerbates the underreporting of rape, which often is perpetrated by a superior against a subordinate.

One of the cases accepted Friday is over a decade old. Lt. Col. Michael J.D. Briggs was tried by a military judge in 2014 for the May 2005 rape of a female airman, identified as DK, from his squadron's aircrew in Idaho. Seven years later, and before reporting the crime, DK phoned Lt. Col. Briggs and secretly recorded him saying "I will always be sorry for raping you," according to the appellate opinion. He was subsequently sentenced to five months in jail with dismissal and a reprimand.

The Supreme Court is expected to hear the cases early next year, with decisions expected by the end of June.

Write to Brent Kendall at brent.kendall@wsj.com and Jess Bravin at jess.bravin@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -0.12% 1346.87 Delayed Quote.28.89%
ORACLE CORPORATION -3.47% 54.51 Delayed Quote.25.07%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORACLE CORPORATION
12/13NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/13Oracle and Tapestry slip while Adobe and Sarepta advance
AQ
12/13ORACLE : Management's Discussion and Analysis of Financial Condition and Results..
AQ
12/13NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/13NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/13NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/13NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/13Microsoft, Boeing, Airbus, Qantas, and other companies in the news…
12/13Oracle Will Stay With Sole CEO -- WSJ
DJ
12/12NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials (USD)
Sales 2020 39 980 M
EBIT 2020 17 544 M
Net income 2020 10 267 M
Debt 2020 26 404 M
Yield 2020 1,67%
P/E ratio 2020 17,7x
P/E ratio 2021 16,0x
EV / Sales2020 5,03x
EV / Sales2021 4,87x
Capitalization 175 B
Chart ORACLE CORPORATION
Duration : Period :
Oracle Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORACLE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 56,38  $
Last Close Price 54,51  $
Spread / Highest target 24,7%
Spread / Average Target 3,43%
Spread / Lowest Target -35,8%
EPS Revisions
Managers
NameTitle
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Mark E. Sunday Chief Information Officer & Senior Vice President
Michael J. Boskin Independent Director
Jeffrey O. Henley Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ORACLE CORPORATION25.07%174 849
SAP AG42.83%164 854
INTUIT31.90%67 586
SERVICENOW, INC.53.32%51 473
CONSTELLATION SOFTWARE INC.46.12%20 337
PAYCOM SOFTWARE, INC.109.87%14 817