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Oracle Sues Google Over Java Patents Used in Android (ORCL)

Court papers revealed on Friday show that enterprise software maker Oracle Corporation ( ORCL ) is seeking billions of dollars in damages against Google ( GOOG ), claiming the search engine giant's mobile Android operating system violates several of its patents and copyrights.

Oracle's case centers around the usage of the Java programming language in Android software. Java was developed by Sun Microsystems, which Oracle acquired back in late 2009.

The company said in a filing that "Oracle's damages claims in this case are in the billions of dollars." It notes its claims "are based on both accepted methodology and a wealth of concrete evidence."

Google has responded by challenging both the validity of Oracle's claims and the damage estimates, which the company says are over-inflated. "Oracle's 'methodology' for calculating damages is based on fundamental legal errors and improperly inflates their estimates," said Google in an email statement.

Oracle shares rose 39 cents, or +1.3%, in premarket trading Friday.

The Bottom Line

Shares of Oracle ( ORCL ) have a .78% dividend yield, based on last night's closing stock price of $30.80. The stock has technical support in the $27-$28 price area. If the shares can firm up, we see overhead resistance around the $34 price level.

Oracle Corporation is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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