A robed but not wigged judge has told a maker of software which is so esoteric that no one knows what it does, that it must pay a huge wodge of interest on a fine it needs to pay to Larry Ellison’s Oracle.
SAP admitted that it nicked millions of dollars worth of Oracle software through one of its subsidiaries and was told by a jury that it had to pay a $1.3 billion fine.
Now US District Judge Phyllis J. Hamilton has told SAP that it will have to pay interest on the fine which amounts to about $16.5 million.
Oracle claimed it is owed $211.7 million in interest on the verdict which is dated back to 2005 and 2006 when, Oracle claims, SAP should have negotiated a license for the software copyrights that were infringed.
SAP argued it shouldn’t have to pay the interest and Judge Hamilton didn’t specify an amount in her order. She just outlined a method of calculating the pre-judgement interest award based on a weekly average yield determined by the U.S. Treasury.
The hacks at Bloomberg got out their calculators, and using Hamilton’s formula and dividing by their shoe size got the $16.5 million figure.
SAP thinks that Oracle should only be awarded damages, but was pleased that the court agreed with SAP on the proper calculation of interest which lowered the amount.
So in SAP’s case it was a matter of lose some, lose some more, but the glass is still half full.