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1) Magician Loses Its Sparkling Touch: SAP, Europe's largest software maker, had been doing so well this year that it was starting to look more like the work of black magic than skilful management. That, at least, was the impression until recently when it became the last sizeable player in its devastated sector to issue a profit warning. No longer under the spell, analysts are now wondering whether the warning was a blip or the prelude to more serious problems for the German group. At the very least, they say, the episode has pointed to serious weaknesses that must be addressed quickly. One of them lies in SAP's handling of its last results announcement, which not only irritated investors but also fanned fears the group may have lost "visibility" on developments in its market...As Mr Ashton puts it: "You can have the biggest firework in the world, it is no good if you do not have the audience."

[ Categories (all) : [ weblog-2001-10-30 about-SAP-oops via-SAPNews ...obj860... ] /// Categories (indiv) : [ weblog-2001-10-30 about-SAP-oops via-SAPNews ...obj860... ] 0 comments

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