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Stock Market & Financial Investment News

News Breaks
September 17, 2013
18:13 EDTSAP, SISiemens proposes SAP co-CEO Snabe join board, Bloomberg says
Siemens (SI) will propose naming Jim Hagemann Snabe, the co-CEO of SAP (SAP), to its supervisory board to succeed former Deutsche Bank (DB) CEO Josef Ackermann who will be stepping down, reports Bloomberg, citing people familiar with the matter. The report notes that SAP earlier this year said it would end its co-CEO structure next year. Reference Link
News For SI;SAP From The Last 14 Days
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June 30, 2015
05:59 EDTSAPGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
June 23, 2015
07:41 EDTSAPRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
05:32 EDTSAPCalypso Technology signs global reseller agreement with SAP
Calypso Technology has entered into a global reseller agreement with SAP. Through this agreement, SAP will resell the Calypso cross-asset, front-to-back treasury and capital markets platform as two solution extensions: the SAP Capital Markets Trading solution by Calypso and the SAP Capital Markets Treasury solution by Calypso.

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