Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

  • Five children among seven killed in minibus crash in eastern France

    Read more

  • Hollande says French warship delivery will ‘depend on Russia’s attitude’

    Read more

  • Ukraine rebels release bodies, black boxes from flight MH17

    Read more

  • Notorious ‘VIP’ prison in Paris closed for renovations

    Read more

  • An ‘explosion of violence’: French press reacts to Gaza protests

    Read more

  • Christians in Iraq's Mosul face execution or exodus

    Read more

  • Scores killed as Libyan militias fight over airport

    Read more

Business

HP sues former CEO Hurd to keep trade secrets safe

Text by News Wires

Latest update : 2010-09-08

US computer manufacturing giant Hewlett Packard has filed a complaint against former CEO Mark Hurd who on Monday joined the board of directors at software company Oracle. HP believes the hiring by its competitor puts HP's trade secrets "in peril".

AFP - US computer titan Hewlett-Packard filed suit against former chief executive Mark Hurd on Tuesday after he was named a co-president at US business software giant Oracle.
  
In a civil complaint filed in California Superior Court, HP said that Hurd would be putting the company's "most valuable trade secrets and confidential information in peril" by working at Oracle.
  
HP's suit said Hurd had been paid "millions of dollars in cash, stock and stock options" in exchange for agreeing to "protect HP's trade secrets and confidential information during his employment and following his departure."
  
"HP intends to enforce those agreements," the company said in a statement.
  
HP's suit charged that "in his new positions, Hurd will be in a situation in which he cannot perform his duties for Oracle without necessarily using and disclosing HP's trade secrets and confidential information to others."
  
HP asked the court to prevent Hurd from holding a position at a competing company.
  
Hurd, 53, resigned as HP's CEO last month after a sexual harassment probe uncovered subterfuge with company expenses.
  
The investigation found he had not broken harassment rules, but was in breach of HP's "standards of business conduct."
  
Hurd was named co-president of Oracle on Monday and also given a seat on the board of directors of the company.
  
"Mark did a brilliant job at HP and I expect he'll do even better at Oracle," Oracle chief executive Larry Ellison said in a statement. "There is no executive in the IT world with more relevant experience than Mark."
  
Oracle said the company's other co-president, Charles Phillips, was leaving the company and stepping down from the board.
  
Hurd said he was "excited to be a part of the most innovative technology team in the IT industry."
  
"I believe Oracle's strategy of combining software with hardware will enable Oracle to beat IBM in both enterprise servers and storage," he said.
  
HP shares fell 1.04 percent on Tuesday to close at 39.92 dollars while Oracle shares gained 5.87 percent to 24.26 dollars.

Date created : 2010-09-08

  • TECHNOLOGY

    Former Hewlett-Packard CEO given second life at Oracle

    Read more

COMMENT(S)