Oracle Corp. Sues Micron of Overcharging Sun Microsystems

Bloomberg reports that Oracle Corporation (ORCL) has filed a lawsuit against Micron Technology (MU), alleging it overcharged Sun Microsystems Inc., which Oracle acquired in April of last year for $9.50 per share, by maintaining a conspiracy to fix prices for computer memory chips.

Shares of Oracle rose 11 cents, or 0.41%, at last check to $27.07, while shares of Micron fell 7 cents, or 0.96%, to $7.13.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.