* Says loss of Hurd not in best interest of HP, investors
* Says expense fraud allegation "not credible"
* HP disputes Ellison's version of events
SAN FRANCISCO, Aug 9 Oracle ORCL.O Chief
Executive Larry Ellison blasted Hewlett-Packard (HPQ.N) on
Monday for forcing CEO Mark Hurd to resign.
In an email sent to the New York Times and later provided
to Reuters by Oracle, Ellison slammed HP's board for ousting
Hurd -- a close friend -- even after the PC maker's board
determined Hurd had not violated its sexual harassment policy.
For the full text of the email click here: [ID:nN0999239]
HP disputed Ellison's account of events.
Hurd resigned on Friday after a probe into sexual
harassment allegations turned up expense account abuses that HP
said were intended to cover up his relationship with a female
"The HP board just made the worst personnel decision since
the idiots on the Apple (AAPL.O) board fired Steve Jobs many
years ago," Ellison wrote.
"In losing Mark Hurd, the HP board failed to act in the
best interest of HP's employees, shareholders, customers and
partners," he said.
Ellison said the HP board voted 6-to-4 to go public with
the sexual harassment claim against Hurd.
"Publishing known false sexual harassment claims is not
good corporate governance; it's cowardly corporate political
The Oracle chieftain did not say in his email how he came
about his information.
An HP spokeswoman said: "As the company stated previously,
the board voted unanimously for Mr. Hurd's resignation. And,
that was the only vote the board took on this issue."
According to Ellison, HP directors debated whether the
company needed to disclose Jodie Fisher's sexual harassment
claim against Hurd. Fisher has said she did not have an
"intimate sexual relationship" with Hurd. The two have settled
the claim privately. [ID:nN08209962]
Oracle, the world's third-largest software maker, is a
major partner of HP, the No. 1 PC maker. Oracle now also
competes with HP in the server market, following its purchase
of Sun Microsystems.
Ellison said the company's charge that Hurd engaged in
expense fraud was "not credible."
"What the expense fraud claims do reveal is an HP board
desperately grasping at straws in trying to publicly explain
the unexplainable," Ellison wrote.
Shares of Palo Alto, California-based HP closed down 8
percent at $42.60 on Monday.
(Editing by by Edwin Chan, Gary Hill)