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We don’t need your money, Google (We buy islands). The lowdown from Oracle…

posted Jun 27, 2012, 5:32 AM by Tom Otomanski   [ updated Jun 27, 2012, 5:36 AM ]

So a funny thing happened on Friday. Oracle’s legal team announced that they are going to forego any statutory damages with regards to their infringement case against Google. According to The Verge, Oracle looked to receive a total payout of around $300,000. Now while most people would think that they’re giving up, it’s actually a good defense for the appeal they’re going to launch. It wouldn’t look good on paper if they took the money and then appealed the decision handed down in court, it’s like eating the whole cake and then asking for a refund because it’s gone bad.

And it’s not like Oracle are in any financial trouble. Right after the above announcement, Oracle CEO Larry Ellison bought the Hawaiian island of Lanai for between $500-$600 million. I wonder when Larry Page and Sergei Brin are going to buy the other island’s just to piss Mr Ellison off?