Boston, MA 12/12/2013 (wallstreetpr) -Oracle Corporation (NYSE:ORCL) is laying claim to some interface technology used in Android, Google Inc (NASDAQ:GOOG)’s mobile operating system. Android is the most popular platform in smartphones and it adopts Java based technology for Internet connection and advertisement placement.
Oracle Corporation (NYSE:ORCL) claims that Google contravened patent provision by using its technology without paying or obtaining due authorization. The case has been dragging in court as ORCL sought to be paid $6.1 billion in damages. However, the court objected the request. But it is still expected that the company could still make a case for significant compensation, more than $1 billion according to various estimates.
If the courts allow $1 billion settlement, Google would be having this hole in its wallet, but for the company that it is, this doesn’t seem to be any damage to Google’s finances.
About Oracle
Oracle Corporation (NYSE:ORCL) is a database support company which provides enterprise software and computer hardware solutions. The company operates in three segments: hardware systems, software and services. Since April 2012 to March 2013, the company has made two high profile acquisitions which include Nimbula Inc (March 2013) and Taleo Corp. (April 2012).
Like everyone else in the tech industry, ORCL is also faced with high operating expenses and red-hot competition. Currently its finances are solidly in position in most measure and its debt levels are also reasonable. Its recent result reporting has shown it growing in revenue with improvement in earning per share.
Cloud solution market
Oracle Corporation (NYSE:ORCL) has a strong presence in cloud computing. This is a growing segment and it is a lucrative one as well. The company’s acquisitions and penetration of market are expected to pay off in the upcoming years as more and more enterprises make the switch to cloud computing. The business opportunities in emerging markets are also promising for the future of cloud computing.
