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Actuate Corporation Message Board

  • taiwiener taiwiener Jun 18, 2010 6:29 PM Flag

    Great News

    Actuate settled with Oracle and now can get to business on integrating Xenos with Birt. We should all be excited because their relationship with Oracle will now be stronger than ever. Who knows maybe Actuate will buy pack ten million dollars worth of shares next quarter. We have all seen small cap stocks like Actuate grow from under $5 let’s hope the good news continues.

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    • Isn't it amazing how before this is announced the stock goes up 4% that day, but no one is to know.

      Not coincidental at all.

    • Taiwiener..This also shows that ACTU's contracts will hold up in court....That sends a great message to IBM , whom lost the motion to have the case dismised.....Now , IBM should fall in line....
      Like Pete said , " we are not going to be bullied around....I knew Pete was confident on the CCall.....

      • 1 Reply to richardtherings
      • Now ACTU will pick up 1.3 mill extra per Q , PLUS the new revenues that ORCL will have to start paying for current usage.....That could add 10% more revenues going forward....Can anyone help add to what I am saying...
        Then , add IBM in , then , add all ACTU is doing , with XENOS , AAPL...etc....this should be fun....

        Form 8-K for ACTUATE CORP


        --------------------------------------------------------------------------------

        18-Jun-2010

        Entry into a Material Definitive Agreement



        Item 1.01 Entry into a Material Definitive Agreement.
        On June 14, 2010, Actuate Corporation (Actuate) and Oracle America, Inc. (Oracle) entered into an agreement (the "the Agreement") to end a dispute (Actuate Corporation v. Oracle USA, Inc. and Does 1 through 10, San Mateo County Superior Court Case No. 481387) (the "Dispute") regarding distributions of Actuate software by Oracle. Oracle agreed to pay a total of $16 million to Actuate in twelve equal quarterly installments.
        Under the terms of the Agreement, Actuate agreed to dismiss the Dispute. The parties agreed to a mutual release and that the agreement was not to be understood as a determination that either party engaged in any wrongdoing