HP Sues Mark Hurd Over Trade Secrets

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.)