The Wall Street Journal reports that the former chief executive of Hewlett-Packard (HPQ), Mark Hurd, is in talks with enterprise software maker Oracle (ORCL) about becoming an executive there. Hurd left HP in early August following allegations of sexual harassment by a former contractor. An investigation failed to find any evidence of sexual misconduct by Hurd.
What position Hurd may take up is unknown; Oracle's founder and CEO, Larry Ellison, will not be stepping down from his position, according to people familiar with the matter. Ellison did criticize HP's board for ousting Hurd, telling the New York Times that the board had failed to act in the best interest of its shareholders, employees and customers.
Hurd and Ellison are old friends and tennis partners. Some have already speculated that Hurd will be put in charge of Oracle's hardware business, and then he will succeed Ellison as CEO at some later date. Oracle acquired Sun Microsystems earlier this year, an acquisition that HP passed on when Hurd was running the company.
UPDATE: For the latest on Hurd becoming an Oracle co-president, see: Will Mark Hurd Be Oracle's Next CEO?