Monday, May 14, 2007
SAP CEO says has not had any takeover approaches | News | Mergers/Acquisitions | Reuters
SAP CEO says has not had any takeover approaches News Mergers/Acquisitions Reuters: "'No,' Kagermann replied when asked at the start of this week's event in Vienna whether SAP had been approached because of its currently low share price. A spokesman said Kagermann was referring to the last few months.
Kagermann added he believed growth in the software sector was poised to take off as new methods of interweaving software coincided with firms looking at business processes that cross sectors rather than being focused on their own industry.
'I believe this can kick off larger growth rates,' Kagermann said. 'We believe we are seeing a similar wave to what we saw at the beginning of the 90s.
Kagermann added he believed growth in the software sector was poised to take off as new methods of interweaving software coincided with firms looking at business processes that cross sectors rather than being focused on their own industry.
'I believe this can kick off larger growth rates,' Kagermann said. 'We believe we are seeing a similar wave to what we saw at the beginning of the 90s.
