SAP to keep its chief a bit longer
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Company renews contract of Henning Kagermann by 17 months, temporarily quelling concerns about its future leadership.
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BARCELONA, Spain  - Europe's biggest software  maker SAP could need a year more than anticipated to reach its  profitability target as it spends on research, development and  marketing, its chief financial officer said on Thursday,  sending its shares lower.
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InfoWorld - Henning Kagermann will stay on as CEO of SAP AG through May 2009, the company announced Thursday, ending recent speculation that he would leave the helm of the German software maker.
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SAP, the world's leading maker of business software, is planning to grow by 15 percent or more in the United States this year after a disappointing year in 2006, the head of the group's US operations said in a newspaper interview.
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An SAP initiative to more tightly align its business software with Microsoft's tools is about to bear fruit.
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The Nets have changed a great deal in the past couple of months, but the face of their management will stay the same. As expected, Nets CEO Rod Thorn has signed an extension believed to be
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Technology services firm Electronic Data Systems Corp. plans to seek a five-day extension for its quarterly report from the US Securities and Exchange commission, according to news reports Tuesday.
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(InfoWorld) - SAP AG has brought in outside talent Uwe Herold as its chief information officer (CIO), filling a post vacant since the previous incumbent left the company earlier this year. The business applications vendor confirmed Thursday that Herold joins SAP Oct. 1. He will also hold a position on the company's board of directors in the area of human resources, processes and production and report to Claus Heinrich, one of SAP's executive board members. SAP operates a two-tier board system with a board of directors and an executive board. Herold will be based at SAP's headquarters in Walldorf, Germany. Most recently CIO at German automotive supplier Brose Fahrzeugteile GmbH & Co., Herold has 15 years of experience in business process engineering and IT management. While at Brose, he worked on SAP implementations and so can also bring an SAP user perspective to his new employer. Before joining Brose in 1999, Herold headed up process engineering and organizational development efforts at fluid technology company Hydac Filtertechnik GmbH. "Like any other enterprise that places value on developing and harnessing internal talent, SAP always considers internal applicants for vacant roles," an SAP spokeswoman in Germany wrote in response to an e-mail for comment on why the company chose an outsider as the CIO. "At the same time, it is also important for us to bring in fresh ideas and different expertise from time to time. In this case, Herold was the ideal candidate for this role and we are confident that with his wealth of experience he will be an asset to SAP." Herold replaces Carol Wilson who left the company after three years in the job earlier this year. Wilson joined Tata Consultancy Services Ltd. in April as its implementation director charged with the development and delivery of the Indian outsourcing and consulting firm's IT services in Europe, the Middle East and Africa.
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Globalization and technical transitions have not always gone smoothly for SAP, a big German software company.
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SAP AG has benefited from the market uncertainty created by the long battle between Oracle Corp. and Peoplesoft Inc. Now that the battle is over, the dominant business applications maker doesn&#39;t see the good times ending.
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Microsoft Corp. MSFT.O is still  targeting smaller companies for acquisitions, despite  speculation that now-scuttled merger talks with business  software giant SAP AG SAPG.DE signaled a shift in strategy,  Chief Executive Steve Ballmer said on Tuesday.
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Computer Associates International Inc.  CA.N is set to name IBM sales executive John Swainson as  chief executive, completing a seven-month search to replace  indicted former CEO Sanjay Kumar, industry sources said on  Monday.
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LOS ANGELES (CBS.MW) -- Computer Associates, the beleaguered maker of corporate software, will tap a longtime IBM executive as its new chief, according to a published report Monday.
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Computer Associates International Inc. (CA) expects to fill its chief executive officer (CEO) vacancy within the next 30 to 45 days, the company said Friday.
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Whether it amounts to "corporate espionage" or not (most likely not), the case of Oracle v. SAP may have significant ramifications on how the world's leading information providers guard their information systems. In his company's defense this morning, SAP CEO Henning Kagermann admitted to reporters that, while an SAP division did download some material from Oracle inappropriately, the material was for the division's customers and not for SAP customers or SAP.
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Vishal Sikka, formerly senior vice president and chief software architect at SAP, is now responsible for ensuring a "clear and harmonized roadmap" for the company's products.
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Users hope SAP AG's admission that it inappropriately downloaded proprietary technical data from Oracle databases won't hurt the vendor in the long run.