SAP’s new CEO Leo Apotheker says the software giant will focus on its core software business, even as its rivals expand beyond their traditional boundaries.
The latest trend in the tech industry–at least among its biggest companies–is to offer products and services that used to be provided by partners.
Software maker SAP is about to make its second foray into the world of online software.
In September 2007, SAP unveiled an online version of its management software aimed at small businesses. The product languished, with the company’s co-CEOs last year saying that they wouldn’t sell it because it didn’t make any money.
At a table in Las Vegas, a town fueled by big bets, IBM software chief Steve Mills outlined one he doesn’t want to make: Buying application provider SAP.
SAP and Teradata plan to announce Monday a joint effort to make the German company’s software work better with Teradata’s database systems, the latest example of tech companies combining hardware and software.
The powers-that-be definitely do not reward every virtuous (according to Wall Street) corporate act, but there is the rare bit of recognition every now and then. Merrill Lynch analyst Raimo Lenschow upped his rating on enterprise software giant SAP on the basis of cost-cutting maneuvers the company has implemented. Wall Street loves a belt-tightening story.
Adding fuel to the raging fire on which stock valuations are now burning, SAP (SAP) co-CEO Henning Kagermann this morning warned in a statement that market developments of the last few weeks have been “dramatic and worrying to many businesses,” which has triggered a “very sudden and expected drop in business activity” late in the company’s third quarter.
Software giant SAP is getting sued for failing to deliver an “out-of-the-box integrated end-to-end solution that increases … effectiveness.” Amazingly, the meaning of these buzzwords may cost SAP over $100 million.
This blog’s hatred of tech jargon is no secret: We think that more people would be interested in technology if insiders didn’t describe the stuff in a made-up language. Despite our protests, the tech industry refuses to abandon these terms. Maybe the threat of legal action will scare it straight.
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