Oracle and H.P. will continue to build and expand a partnership
The companies took pains on Monday to say that the business
however relationship was again on firm footing. “H.P. and Oracle have been important partners for more than 20 years and are committed to working together to provide exceptional products and service to our customers,” Cathie A. Lesjak, the chief financial officer and interim chief executive at H.P., said in a statement. “We look forward to collaborating with Oracle in the future.”
Mr. Ellison said in his statement, “Oracle and H.P. will continue to build and expand a partnership that has already lasted for over 25 years.”
“The partnership is clearly very important here,” said David M. Hilal, senior managing director at FBR Capital Markets. “It’s undoubtedly an effort to kiss and make up.”
Mr. Hilal said Mr. Hurd would probably be prohibited from making decisions at Oracle that would allow him to use confidential information from H.P., like its acquisition plans. The relationship between the two companies began to fray after Mr. Hurd resigned from H.P. last month.
