HP Sues Mark Hurd Over Trade Secrets

Execs don't want him to take job at Oracle
By John Johnson,  Newser Staff
Posted Sep 7, 2010 2:11 PM CDT
A 2006 file photo of Mark Hurd, then with H-P.   (AP Photo/Paul Sakuma, File)

(Newser) – The happy little split between between Mark Hurd and Hewlett-Packard takes another turn. HP today sued its newly ousted CEO to prevent him from assuming a top job at rival Oracle. "Mark Hurd agreed to and signed agreements designed to protect HP's trade secrets and confidential information," declares a company blog (which has a link to the full complaint). "HP intends to enforce those agreements."

Writes Jay Yarow at Business Insider: "HP (and its shareholders) are probably feeling sick today. Oracle's stock is up 5% today, adding $6.23 billion to the market cap as of this writing. HP's stock on the other hand still hasn't recovered from Hurd's firing. " (To read more on Hurd's new job at Oracle, click here.)

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