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Oracle to acquire Micros Systems for $5.3 billion

Oracle to acquire Micros Systems for $5.3 billion

REDWOOD CITY, Calif., June 23 (UPI) --Oracle announced Monday morning that it plans to acquire Micros Systems, a maker of software for hospitality and restaurant clients, for $5.3 billion in cash.
Ananth Baliga

UPI NewsTrack Business

U.S. jobs report hurts stocks ... HP chairman gives up top post ... Automaker Fisker lays off most workers ... Women-owned businesses on the rise ... News from United Press International.
HP chairman gives up top post

HP chairman gives up top post

PALO ALTO, Calif., April 5 (UPI) -- U.S. technology giant Hewlett-Packard said board Chairman Raymond Lane would resign as chairman, but continue as a board member.

HP jolted by $8.8 billion fraud

NEW YORK, Nov. 20 (UPI) -- U.S. technology giant Hewlett-Packard said Tuesday a $10 billion purchase in 2011 would result in an $8.8 billion write-off due to accounting fraud.

Oracle and HP clash over contract

SAN JOSE, Calif., June 16 (UPI) -- U.S. technology companies Hewlett-Packard and Oracle are headed back to the courtroom with HP claiming Oracle has broken a contract, court papers say.

HP to investigate Hurd resignation

SAN JOSE, Calif., Jan. 20 (UPI) -- Hewlett-Packard Co. plans to probe circumstances of the resignation of former chief Mark Hurd and his golden parachute, a U.S. District Court filing indicated.

SEC probe makes sense, says Hurd spokesman

PALO ALTO, Calif., Dec. 21 (UPI) -- A spokesman for Mark Hurd, said U.S. regulators were right to look into the executives' departure from Hewlett-Packard, but said he had done nothing wrong.

Hurd joins Oracle

SAN FRANCISCO, Sept. 6 (UPI) -- Former Hewlett-Packard chief executive Mark Hurd has been hired as co-president at Oracle, the San Francisco-area software firm said Monday.

3Par shares jump in bidding war

NEW YORK, Aug. 23 (UPI) -- U.S. computer giant Hewlett-Packard jumped forcefully into the bidding game for data storage firm 3Par Inc., offering $1.5 billion for the firm.

Settlement played role in HP Hurd's ouster

PALO ALTO, Calif., Aug. 16 (UPI) -- The Hewlett-Packard Co.'s chief executive's sudden settlement of a sexual harassment claim played a role in his ouster, The Wall Street Journal reported.

HP head resigns after harassment inquiry

PALO ALTO, Calif., Aug. 6 (UPI) -- Hewlett-Packard Chairman Mark Hurd resigned Friday, acknowledging he "did not live up to the standards and principles I have espoused."

HP's top lawyer quits, CEO before Congress

PALO ALTO, Calif., Sept. 28 (UPI) -- Hewlett Packard Co.'s top lawyer, Ann Baskins, resigned Thursday, the day the company's head testified before a U.S. congressional panel on a spying scandal.

HP splits printer, PC units

PALO ALTO, Calif., June 14 (UPI) -- California's Hewlett-Packard Co. has separated its personal computer and printer units just five months after combining them.

Hewlett-Packard picks Hurd as new CEO

PALO ALTO, Calif., March 29 (UPI) -- Hewlett-Packard Co. of Palo Alto, Calif., has picked NCR Corp. Chief Executive Mark Hurd as its next chief executive, the Wall Street Journal said.

China could be world's largest ATM market

BEIJING, March 12 (UPI) -- China could become the world's largest market for automatic teller machines by 2007, a spokesman for a U.S.-maker of the machines said.
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