Monday, April 02, 2007
SAP shares near 2-yr low after key executive quits | Technology, Media & Telecom | Reuters
SAP shares near 2-yr low after key executive quits Technology, Media & Telecom Reuters: "Shai Agassi, on SAP's executive board since 2002, is leaving to pursue other interests because he was unwilling to wait to become SAP's next chief executive, as the company had planned, the world's biggest maker of business software said late on Wednesday.
SAP shares were down 0.9 percent at 33.32 euros by 1215 GMT while the blue-chip DAX index (.GDAXI: Quote, Profile, Research) rose 0.9 percent. They earlier fell as low as 32.83 euros, their lowest point since May 2005.
Many analysts are concerned about the management changes coming so close to the end of the quarter -- when many software deals are sealed -- although some investors are confident SAP can fill the void left by Agassi's departure in the longer term. "
SAP shares were down 0.9 percent at 33.32 euros by 1215 GMT while the blue-chip DAX index (.GDAXI: Quote, Profile, Research) rose 0.9 percent. They earlier fell as low as 32.83 euros, their lowest point since May 2005.
Many analysts are concerned about the management changes coming so close to the end of the quarter -- when many software deals are sealed -- although some investors are confident SAP can fill the void left by Agassi's departure in the longer term. "
