Thursday, September 07, 2006
SAP's Agassi Bets Simpler Software Will Arrest Oracle Gains
"The shares of SAP have fallen 20 percent to 150.08 euros ($192.37) since April 10. Oracle's stock is up 14 percent to $15.78 in the same period.
SAP, whose software is used to run tasks such as billing, accounting and inventory management, is betting its new version will attract customers as a boom in mergers forces companies to integrate disparate software systems. Companies in industries such as banking and retail also are moving away from homegrown systems and buying products from SAP or Oracle. "
SAP, whose software is used to run tasks such as billing, accounting and inventory management, is betting its new version will attract customers as a boom in mergers forces companies to integrate disparate software systems. Companies in industries such as banking and retail also are moving away from homegrown systems and buying products from SAP or Oracle. "
