Tuesday, July 18, 2006
SAP Sparks Fear
SAP Sparks Fear: "SAP (SAP - commentary - Cramer's Take), which had looked unstoppable for much of the year, stumbled in the second quarter, sparking fears that IT spending may be slowing.
The unexpected miss provoked a selloff of SAP shares; in recent trading the stock was off $3.19, or 6.3%, to $47.15. Most software issues were down as well, though the bulk of those losses were much smaller. "
The unexpected miss provoked a selloff of SAP shares; in recent trading the stock was off $3.19, or 6.3%, to $47.15. Most software issues were down as well, though the bulk of those losses were much smaller. "
