Update 3: The companies have apparently resolved their differences and will continue their partnership. Bloomberg BusinessWeek has details.
Update 2: Oracle has responded with the following statement:
“Oracle has long viewed HP as an important partner,” said Oracle CEO Larry Ellison. “By filing this vindictive lawsuit against Oracle and Mark Hurd, the HP board is acting with utter disregard for that partnership, our joint customers, and their own shareholders and employees. The HP Board is making it virtually impossible for Oracle and HP to continue to cooperate and work together in the IT marketplace."
Update: HP is now suing Hurd. The company released this statement:
“Mark Hurd agreed to and signed agreements designed to protect HP’s trade secrets and confidential information. HP intends to enforce those agreements.”
More on HP’s corporate blog.
Original Article: Oracle announced that Mark Hurd is now the Co-President of the company, and has been named to the Board of Directors. Yes, that Mark Hurd.