When Oracle and the European software developer SAP went to trial last winter to figure out what SAP owed Oracle for infringing software copyrights, Oracle asked for the moon. SAP argued that Oracle lost only about $40 million in actual profits as a result of its infringement. Oracle’s lawyers at Bingham McCutchen and Boies, Schiller & Flexner, however, told jurors to ignore lost profits and focus on what SAP should have paid Oracle in licensing fees. They ultimately persuaded jurors that Oracle could have received $1.3 billion in hypothetical licensing negotiations for the intellectual property SAP misappropriated. The jury verdict left SAP sputtering with astonishment; in attempts to set aside the award, SAP’s lawyers at Jones Day and Durie Tangri have called Oracle’s calculations of what it might have received in licensing talks “sheer speculation.”