Thursday, June 17, 2010

Oracle sued for alleged fraud against US gov

Well, we had lots of concerns regarding the compliance and ethics code.
Seems we have our confirmation about the serious doubts of having real ethics or just just marketing sheets.

The complaint against Oracle was originally filed by an Oracle employee, who alleged that large discounts offered to other customers were hidden from government agencies.

Has there been any whisleblowing process ?
The inquiry will undoubtly give some informations.
Let's remind that a previous case was settled in 2006 over a 98 Millions USD deal, where the external whisleblower got 17 Millions USD through the false claim act...

And would'nt you want more clarity regarding haven islands Oracle operations ?
Wouldn't a false claim act be of interest - Contact Us.

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Monday, June 07, 2010

Fusion Storm Rising...

SEC has been advised that Oracle Corp approved, committed and initiated and amendment to the Sun integration plan, with 675 to 825 M$ .

"Amendment further reduces the size of Oracle’s combined workforce primarily in Europe and Asia, eliminates redundant costs resulting from the acquisition of Sun and reflects improved efficiencies in operations."

This annoucement is a serious issue as there has been no local nor Europeen Work's Council consultation.