SAP AG (SAP)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

Flash Player 9 or higher is required to view the chart
Click here to download Flash Player now

sdfsd Economic turmoil causes cut back on computer spending SAP saw a steep drop off in sales in the second half of september due to companies spending less on computer related products in the face of the economic troubles. SAP warned of lower than expected revenues in the upcoming third quarter. Shares have plummeted from $57 to about 40 in less than two weeks. SAP Q2 Earnings SAP's revenue grew 18% largely due to the 25% increase in software sales. A settlement with I2 Technologies and acquisition costs from its acquisition of Business Objects pulled net income down 9% in the quarter. Downgrade by analyst Credit Suisse downgraded SAP from "outperform" to "underperform" saying that they had weak trading, average operating performance, and an unrealistic outlook for 2008. Uncertainty on Acquisition of Business Objects SAP announced to acquire Business Objects for $6.78 billion. Shares on SAP dropped significantly due to skepticism surrounding the acquisition and whether SAP would see any profit from this move.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs