Mark Hurd To Oracle, Up 4% In Pre-Market (ORCL)

Oracle

has hired ex-Hewlett Packard

CEO Mark Hurd as its co-president. This comes after Hurd resigned from HP on a sexual harassment allegation. Oracle CEO Larry Ellison came to the defense of Hurd immediately after he was fired, calling this the dumbest move a board has made since Apple

fired Steve Jobs 25 years ago. "Mark did a brilliant job at HP and I expect he'll do even better at Oracle," Ellison said. "There is no executive in the IT world with more relevant experience than Mark. Oracle's future is engineering complete and integrated hardware and software systems for the enterprise." Shares of Orcale are up $1.02, good for a gain of 4.45% this morning on this news. You Can't Afford Miss To Out On These Money Making Trading

.