The Inquirer’s Lawrence Latif this morning reports that Oracle (ORCL) has cut out one of the patents from the list for which it is suing Google (GOOG) for patent infringement relating to the Java programming language, perhaps lowering the total damages Google faces.
Latif cites unspecified company remarks, and notes that the damage estimate claimed by Oracle’s expert witness has dropped from $2.5 billion at one time to about $168 million at present.
Latif claims that the testimony of that expert witness, Iain Cockburn, has actually harmed Oracle’s case:
The Cockburn report has diminished Oracle’s case against Google. The repeated revisions required by the court strongly suggest that Oracle didn’t do its research before filing suit against Google and that it still doesn’t have a clue what, if any, damages it might be due in the event it prevails at trial.
Google shares today are up $8.71, or 1.4%, at $613.35, while Oracle shares are down 10 cents at $28.69.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here