After losing his job as head of Hewlett-Packard, Mark Hurd pulled off an astonishing professional comeback by winning a new gig as co-CEO of Oracle. His return to the top was driven by a careful PR campaign designed to restore his reputation, as well as by the personal confidence Larry Ellison placed in Hurd's capabilities. "I don't think what I'm doing at Oracle has anything to do with redemption. ... I don't have much time to reflect on the past," Hurd says.
Hewlett-Packard has filed a lawsuit against Oracle that accuses the software giant of attempting to steal its customers with the use of "strong-arm" tactics -- citing in particular Oracle's announcement in March that it would stop developing software to run on Intel's Itanium microprocessors, which power HP's high-end Integrity servers.
Hewlett-Packard has agreed to end a lawsuit challenging Oracle over the recent hiring of Mark Hurd, who resigned as HP's CEO following a scandal. Hurd will reportedly give back more than 345,000 shares of HP stock as part of the settlement.
SAP co-chief executive Bill McDermott said he is hoping that Oracle's hiring of former Hewlett-Packard head Mark Hurd indicates Oracle's shift toward hardware, away from SAP's core turf of enterprise software.
Hewlett-Packard resellers are still stunned about CEO Mark Hurd's resignation last week and hope the PC maker can find a similar executive to take charge because Hurd's leadership and business skills were well-respected.