Oracle to receive $306 million in TomorrowNow case

In the case where it seemed like tomorrow would never come, SAP AG (NYSE: SAP) and Oracle Corp. (NASDAQ: ORCL) may finally be ready to turn the calendar over on their long-running TomorrowNow legal dispute.

As reported by Chris Kanaracus at ComputerWorld, SAP has agreed to pay Oracle US$306 million in the case that revolves around SAP’s purchase of a provider or Oracle maintenance services and alleged illegal downloads of Oracle software through that subsidiary.

(Click here to read “SAP agrees to pay Oracle $306 million in TomorrowNow case”)

Of course, it’s not as simple as a straight settlement. Oracle still hopes an appeal will reinstate an earlier, US$1.3 billion jury award from November 2010 that a judge deemed excessive. Let’s hope it all gets settled one way or another soon, so both companies can get out of the court rooms and back to using the word cloud a lot.